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NVDA June 2024 Market Top

NVDA June 2024 Market Top

Summary

The bearish candle occurring on 6/20 marked the stock's highs until late October. This candle was the first major signal of pressure on the stock. As the stock declined and then stabilized, it attempted to rebound multiple times into this resistance area, and was met with selling pressure on two occasions.

Key Patterns

6/20 - Extended Bearish Engulfing Candle 📚

7/11 - Extended Bearish Engulfing Candle 📚

8/19 - Tweezers Top 📚

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