| Welcome to our comprehensive technical analysis of NVIDIA (NVDA) stock! In this video, Itai Levitan from ForexLive dives deep into NVDA’s chart following a remarkable 19%+ rally, highlighting a critical consolidation phase and potential signals to watch. In This Video You’ll Learn: Channel Formation & Modified Schiff Pitchfork: Discover how to use the modified Schiff pitchfork to map out NVDA’s price channel using key pivot points—starting from a significant low on February 10, 2025, to a round number high around $135. Learn why multiple touchpoints on the channel validate support and resistance levels. Bear Flag Patterns & Breakdown Signals: Understand what a bear flag is and how a sustained breakdown below the channel’s lower boundary (confirmed by two consecutive 1-hour candle closes) could indicate further downside. We also discuss the implications of a fakeout, where a retest of the lower boundary traps bearish traders and potentially signals a bullish reversal. Risk Management & Tactical Trading Considerations: Get insights into how to manage risk in volatile markets, identify key levels, and determine optimal entry points based on price action and confirmation signals. Important Note: This video is for educational purposes only and does not constitute financial advice. Always perform your own analysis and trade at your own risk. For more timely market updates and technical insights, visit ForexLive.com AND https://www.forexlive.com/technical-analysis/nvda-stock-analysis-crucial-juncture-for-traders-20250211/ Don’t forget to like, comment, and subscribe for more in-depth technical analysis and trading strategies. Happy trading! |
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Topics covered in the video:
0:00 Fundamental Outlook.
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