False Breaks & Right Shoulders?

by Ashraf Laidi

Nov 9, 2023 9:46

Nasdaq seems on its way to starts its seasonal rally. But what if it's a situation of a false trendline break, followed by a right shoulder? We've seen this in late 2021 and September 2023. Could Nvidia serve as an additional clue? Start watching from 3:40 mins and decide for yourself.

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False Breaks & Right Shoulders? - Nasdaq Nvidia Nov 9 2023 (Chart 1)

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