NVIDIA: ⬇️ Sell
– NVIDIA broke support level 172.00
– Likely to fall to support level 164.00
NVIDIA recently broke the support level 172.00 and the support trendline of the daily down channel from October, after the earlier breakout of the key support level 188.50 (which stopped wave A at the start of July and wave (ii) at the end of July).
The breakout of these support levels accelerated the active impulse wave v of the C-wave of the ABC correction (B) from the start of October.
Given the strong daily downtrend and the bearish sentiment across the USA equity markets seen today, NVIDIA can be expected to fall further toward the next support level 164.00 – former multi-month low from the end of March.