source avatarEdmond Dantes

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Let's examine the charts in the tech sector to see if it can also serve as an indicator for what comes next. #Nvidia ($NVDA): A clearly expressed trend-reversal pattern (wedge) – a classic setup we see here just as we do with the European indices. Price will test critical support zones. Levels are set; we expect a reaction from them. #Nasdaq ($NDX): The downward movement is developing as an impulse, with its final phase likely outlining in early December. Following its completion, a recovery move (B-wave) is expected to follow.

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