NVDA Forming Same Topping Pattern as 2021 Bull Run?

Here we are looking at NVDA on the Daily TF…

As we know NVDA has been in a major bull run over the last several months. When trying to figure out where it may run out of steam, I began looking at its 2021 bull run to see if there were any similarities. Upon doing so, I analyzed a very interesting similarity between 2021’s bull run to the current.

In 2021, NVDA’s run lasted exactly 273 days before reversing into its bear market. Today marks the 273 day of the 2023 bull run. As you can also see, NVDA is currently running into the line that connects the previous two bull run highs…

This isn’t to say that it has to reverse here, but we must consider all factors!

Cheers!