Technical analysis by ImmaculateTony about Symbol NVDAX: Sell recommendation (8/20/2025)

BEARISH CASE: NVDA SHOWING CLASSIC PARABOLIC EXHAUSTION 📉 After an unsustainable 300%+ rally since Q3 2023, NVDA is displaying textbook parabolic blowoff characteristics. Weekly chart shows fractal trend violation with price touching upper resistance for first time since 2023. 4-hour chart reveals rapid breakdown below parabolic SAR support - a key reversal signal after extended uptrends. RSI at weekly overbought levels (70+) for prolonged period, historically precedes significant corrections. Multiple Fibonacci retracement levels ($110-130) now acting as downside targets, representing 30-40% correction potential from all-time highs. Institutional rotation away from AI premium already in progress. Extremely elevated valuation metrics combined with technical exhaustion pattern suggests profit-taking accelerating. The AI narrative has pushed NVDA's market expectations beyond reasonable execution capabilities. Watching for confirmation at $150 support level - a break there opens path to much larger correction. NVDA #TechnicalAnalysis #BearishSetup