Entering a short position on NVDA. All recent fractals both on the daily and weekly charts were crossed on apr 21, but I wasn't looking closely.
Reason to enter late is that it has good potential on both the weekly and daily charts (momentum is close to the zero line on the weekly).
Stop loss is the price closing above the red line.
Target is whenever the trend ends, also signaled by crossing the red line.
Reason to enter late is that it has good potential on both the weekly and daily charts (momentum is close to the zero line on the weekly).
Stop loss is the price closing above the red line.
Target is whenever the trend ends, also signaled by crossing the red line.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.