📈 Bullish Pattern Forming...

Watch this pattern for an explosive move.

NVDA Pattern

Nvidia stock is showing a pattern that I rarely see on daily charts, so I wanted to dive into it for you all.

This is what is referred to as a dragon pattern, and you can see the key signifiers of this pattern marked off below:

There’s a lot to go over with this pattern and a number of places where you can enter trades, but I will focus on what is actionable for you right now.

Trading this Pattern

A common entry point for this pattern given where we are right now, would be breaking above the head (again see the chart above).

The top of the head is 136.65, so we are nearly there on NVDA right now.

From there, you measure your upside target by measuring the percent between the top of the head and the bottom of the first paw, which from the image above you can see is 33%.

This means that we can see a 33% move to the upside on NVDA.

Where would that put you? $181.

This is a rare pattern that I don’t see often and it’s also one that many traders aren’t aware of.

For more details on this pattern, how to identify it, and how to trade it, watch this: