Technical analysis by ssari about Symbol NVDAX on 2/11/2025

Hi traders, Some time back I made a call for the top and it turned out to be wave 3. Link below. Now we see that it fits into a rising wedge and more like a distribution structure. I'm still expecting a rejection around here at the 618 fib or 0.786 fib. This is likely the last phase of the structure and then we will look for a ABC or 12345 wave count for the bearish component. Hence it fits well that we peak in 2025 and then the Trump policies will bring some pain and potentially globally. We see the data come out and the stats of the US job or unemployment was all lies. Hence we will see a recession or some pain in the near future. As for NVIDIA, DeepSeek has caused pain and the likes of other AI from China might dint NVIDIA uptrend in the near future. All the best. S.SAri