Incoming 50% correction for NVIDIA to $50

TradingView2026/04/18 23:15

By:TradingView

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Patiently we waited and finally it has happened.It was the month of January 2025 when this immense bubble would break support. 2 years after it first confirmed in September 2022.

A number of reasons now exist for a bearish outlook. Look left. On the above 5 week chart:

1) Price action and RSI support breakouts.

2) RSI support confirms resistance on past support.

3) Looking left previous corrections were at least 50% from the support exit, that’s $50 today should that repeat.

4) Looking left the chart suggests this correction is over after 210 days. In other words August 10th presents a unique long term investment opportunity.

Is it possible price action continues upward trend? Sure.
Is it probable? No.

Ww

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Incoming 50% correction for NVIDIA to $50

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