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!
P.S. Roger’s NEW ProTrader Dashboard Is READY
Today’s the big day!
At noon ET, Roger Scott is launching his brand-new ProTrader Dashboard…
It’s part indicator, part scanner… and the best part?
You’ll be able to look over his shoulder as he explains exactly how it works, because it lets us know the strongest and weakest stocks to trade on any given day…
Giving us a free pass to copy the moves big institutions are making — in real time!
Roger has been giving these trades out in his Telegram channel for the past several weeks, and they’ve been crushing it!
The room’s open…
