NVIDIA Corporation (NASDAQ: NVDA) was falling on Friday after forming a bearish triple top pattern at the new all-time high of $480.88, which has been driven by a boom in artificial intelligence stocks.
A double top pattern is a reversal indicator that shows a stock has reached a key resistance level, retraced lower, back tested the level as resistance and is likely to retrace again. It is possible the stock or fund may retest the level as resistance again, creating a triple top or even quadruple top pattern.
