See my replies to Becky above. Not 15 but the uptrend line which is likely to come in around the 34 support level. If so, that would be right in line with some of the previous corrections back to that same TL.

To add to that, the bear markets, or really just nasty “corrections” back down to that TL that took plan in ’01-02 and ’07-08 were 91% & 85% respectively. A drop to that 33ish support level would be 90% from the July highs in NVDA, right in line with those previous corrections back to the primary uptrend line.

Nah, not really 15. I made a point in one of the 3 setups on semis yesterday that the arrows are not scaled to time, but rather price. Therefore, the horizontal price levels are the actual support levels where reactions are likely but in the case of uptrend lines, as they are dynamic & come in at higher & higher levels as time goes on, the price level if/when those trend lines are hit can only be zero’d in as the stock starts to approach it.

I will say that is a very well-defined primary uptrend line & those things tend to get visited sooner or later. Therefore, assuming NVDA does see that TL again at some point in the future, my guess is it will come in much higher than 15, maybe around the 32 support as in the scenario on this monthly chart.

I was thinking the same thing. I think that’s a world end scenario …