Updated

Distribution Patter for the last few months in Nvidia!

Selling started at the top and the price has stayed in range, making multiple attempts for break out.
GREEN TRAPZONE - clear uptrend confirmed with Angle 6 in place now.
RED UMVD - Distribution, i.e. Profit selling.

Most likely a spike above the range as this would be the 3rd attempt, before falling back towards the GREEN TrapZone. Hopefully GREEN UMVD will show up for the strength.

Note

Price is right up against the resistance, while market touches new highs on selling , NVDA also does the same. RED UMVD, however Green Bars over the green TrapZone are screaming buy. I think we will pop higher in one violent move and then crash back down. what do you think ?

Note

Popped above with Angle 8 now. Usually the end is new after 8-10 angles. But before it goes down it goes up :)

Note

here is the closeup on the Hourly time frame. Do you see the Red UMVD started when the price dipped hard before going up

Note

No slowing down this beast. Price is now back up the GREEN TrapZone with GREEN Bar. Lets see is 141 can offer Resistance or not. Angles updated. Angle 8 is too mature, means a correction is due.

Trade active

Still in Distribution. Coming up in the angle 5 area for support. 131 is will be the point where they meet !

Trade closed: target reached

Hourly chart, an up close looksy shows that the TrapZones are flat - so sideways until they are not.

Note

Pushed angle 5 now lets see if it comes back up with GREEN UMVD for potential Buy Set up. General market may retrace so go light.

Note

Back at angle 6.

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Next real support for NVDA is around 92

by SnowflakeTrader

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