WYSWYG

This week, NVDA reports earnings, confirming a couple of things: 1) whether it can sustain its sales, 2) whether it can increase them, and 3) who is distributing its chips(SMCI, DELL). Similarly, today it signed an agreement with Google to develop quantum computing chips, a revolutionary step in the field of technology.

Technically speaking, we have a large symmetrical triangle(D) that has just invalidated any possibility of a drop. Right now, micro-patterns are forming(B,C), pushing the price up and down within a large descending flag(A). If the flag plays out, we could return to the resistance of the massive symmetrical triangle at $122 USD, which would then act as support. On the other hand, this flag could break, as there are several patterns that could quickly invalidate it. Therefore, I believe we’ll see movement in both directions on Wednesday, but ultimately trending higher and the symmetrical end price is $173