NVIDIA Remains Bearish
Updated
This doesn't really look good for NVIDIA. The volume profiles in both the larger and the smaller picture look decidedly bearish. To the frustration of the bulls, there is still an untested Implied Fair Value gap (visible in the M5) at around USD 105.20, which “coincidentally” is located at the low of the Value Area of the upward movement since August 5.
For this short trade, we are initially waiting for a small retracement in the area of around USD 120.20 in order to optimize our RRR.
For this short trade, we are initially waiting for a small retracement in the area of around USD 120.20 in order to optimize our RRR.
Order cancelled
It almost hit our TP, but not our entry point. No loss, but also no win.
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