NVDA: Week of December 11

Levels in the chart.

Probability based on Standard Deviation is bearish with a 56% success rate.
Momentum couldn't find similar setups but we can check ATREE:

Bullish, surprise, surprise haha.

Accumulation rests to the upside here and if we continue this early santa rally charade then I suspect it's going to continue to be a long.

As always, watch the conditions and let the PA speak for itself.

Safe trades everyone!

Note

Same setup as last week, moved right to weekly PL1 off open, so we can expect a threshold re-test at some point.

It's curious because Q and NQ are particularly bullish yet a lot of leading tech is not.... weird

Trade closed: target reached

Got the threshold re-tested and seems as of now a rejection.

Note

If we go to the top of the bullish condition, I may swing short.

Based on how tech is positioned right now, it could be a leader in a sell post FOMC. With NVDA at the weekly threshold levels, AAPL approaching its weekly threshold levels and QQQ at pH2 on the week.
All of these things make for a persuasive short setup. Especially since CPI revealed an uptick in inflation....

Note

Hello my little NVDA friends:

I am long on it, we opened in the bestestest of places haha, over the bullish threshold on the week and over the daily one. Daily targets are in the chart above, but looking to see if we can rally up to PH1 on the week (unlikely but maybe) with the FOMC catalyst before, I think, NVDA finally gives p the range and corrects, but let's see what we get first today!

Note

Made it to second high target on day, third is at 487 ish...

Note

Lookin' like its going to continue up tomorrow:

NVDA 4 hour chart, descending wicks. Bullish sign for am ove above the previous high.

And levels and threshold for tomorrow:

Note

Took some long and short trades on this today.
Probably will end up in the weekly threshold.

Trade closed: target reached

Back in the threshold as expected :-).

Closed-out shorts.

Note

Targets and conditionals for tomorrow:

GLTA!

Steversteves

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Steversteves

Easter sale starts April 18th for 50% off!
Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
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Also on: