NVDA likely declines if weekly topping tail prints by Friday; otherwise faces resistance at 258.09 after breaching parallel channel top.

Next up to the big dog of them all, Nvidia. Look at this. Nvidia did breach the top end of this parallel channel yesterday and it since it didn't even close in there but since traded back down within that parallel channel. Let me get back out to show you this parallel channel and it did start back here in 2024 containing the price action on Nvidia. Now you also notice basically have an inclining wedge highlighting price action on Nvidia. Plus, I've got this declining trend line uh illustrating from where price had its previous all-time high back in May and then where we had a pivot high uh in August. That's where I connected the trend line that allowed to illustrate the breakout that's occurring now. Right now, just like you see on this chart, Nvidia, if we were to close right here in this range, we could be setting up a potential weekly topping tail on Nvidia. That would be critical. and doing that on top of a parallel channel, one that it's been trading in for a couple years, that's powerful stuff, folks. And that likely tells me we should be coming down on Nvidia. But the today is Wednesday. Today is not Friday, obviously. So wait for Friday. See if that weekly topping tail prints. If it does not print, say we return back above this parallel channel, which we did not confirm above. So we can easily just jack uh jockey back and forth amongst this parallel channel since we have already pierced it now a couple times. The next level of resistance should we push higher not form that weekly topping tail. It's 25809 collected by these that large inclining wedge pattern that you see here on the chart. So we really don't have much further to go even if we do maintain this breakout with Nvidia before we start jamming into resistance. But I'm most important is seeing I'm most importantly focused on seeing if that weekly topping tail actually comes to fruition by the end of this week.