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A Head-and-Shoulders Pattern Has Formed in This 2023 Darling

by | Oct 30, 2023

Sometimes stock market patterns work, sometimes they don’t.

A head-and-shoulders pattern has developed on 2023 darling Nvidia Corp. (Nasdaq: NVDA).

If it plays out like recent head-and-shoulder patterns on other stocks and indices, then price action will “fill the gap” (another popular pattern).

If NVDA accomplishes both, then it will be below its 200-day moving average.

What will traders think then?

The weeks ahead will surely tell, and price action could reject it all.

If it does, it’s game on with strength until the year end, in my opinion – but never in a straight line.

I’m flexible.

Think and Win!

A Head-and-Shoulders Pattern Has Formed in This 2023 Darling

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WRITTEN BY<br>Celeste Lindman

Celeste Lindman

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