Get started

Confluencetrading

NVDA: Bullish thesis with 40% upside potential (complete MTFA)!Hello traders and investors! Let’s see how NVDA is doing today! To me, NVDA is one of the stocks with the highest potential, if everything works out, of course. Let’s do a complete Multiple Time Frame Analysis (MTFA) on it today. First, in the 1h chart, it finally broke the $ 168 area (black line), which was a support and resistance multiple times in the past. By breaking this line, and by leaving the 21 ema behind, NVDA triggers a short-term reversal, at least to the $ 182, which is the single most important key point on NVDA to me. Let’s see the daily chart now: The trend didn’t reverse here yet, but given how the 1h chart looks, it could reverse soon. First, we would need to break the 21 ema, and second and most important, the $ 182 area. By breaking the $ 182, NVDA will trigger a Double Bottom chart pattern, a bullish reversal chart pattern in the daily chart. What’s more, the $ 182 was a support level in April. And it is working as a resistance for NVDA right now in May. The fact the polarity changed at this price level indicates that it is an important key point, indeed. If NVDA triggers this pattern, it has an immediate target at $ 204, but I see NVDA filling the last two gaps in the long-term. Meaning, it could hit the $ 258 in the next few months – roughly 40% upside. This is why NVDA is one of the most promising stocks I see around. So far, NVDA always filled the gaps that appeared above the price (when it gaps down), so historically/statistically speaking, you could build a bullish thesis on this fact alone, with a high probability of success - however, only TA can help us with our timing. In the weekly chart, this reaction is occurring at a very interesting support level, which is April 2021 top. This could confirm a bottom for NVDA in the long-term, which reinforces our bullish thesis. This reaction on NVDA looks great, and we see a confluence on multiple time frames indicating a possible reversal. For now, let’s just pay attention to the $ 182 area, as this is the key point for us. I’ll keep you guys updated on this, so, remember to follow me to keep in touch with my future analyses! * This is my personal view, based on technical analysis, price action, statistical analysis and historical data. Not investment advice.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
13
CTKUSDT wants to retest the supply zonethe price had a breakout from the daily dynamic resistance and static one on 1.2$ and hot the market is testing the 1.4$ daily resistance. On the 4h timeframe, the price is creating an ascending channel and got the first rejection from the supply zone on 1.475$ How to approach? If the price is going to have the breakout from the 1.4$ confluence zone, we could see a new retest of 1.5$. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
330 pips bagged and I called the swing right here on tradingviewI made it clear when I sent out this signal that if you're taking this trade, that you should hold with a swing mindset and 330 pips later, boom 💥 !... With a 20 pips stop loss from 1.11200, we bought and held till price hit 1.14500...the data is all here !. Divergence at the end of a trend cannot fail you when you know how to trade it, especially when italigns with your other confluences and then the smart money concept of order blocks and break of market structure and the likes. Go ahead and view my profile here, you will find out that 98% of my ideas here are all divergent trades !.
by LaBOSS_FX
2
20+ pips bagged, more projected moves below.Price is likely to come all the way down to hit 1.34500/1.34400 then bullish all the way to the next psychological level @1.3550. This projected move has a very high probability of occuring so watch out. Don't buy just yet, our bearish move isn't quite complete yet because at the moment. price in H1 got stuck in the 200EMA and it's gathering volume to break that level hence the consolidation. Hopefully Jolts Job openings provide the necessary volume we need to make this analysis happen. We have another strong pattern that supports this analysis and as you can clearly see on the chart. It's our favourite pattern the inverse Head and Shoulders pattern. We're waiting for our Last shoulder to form before taking those buys💯.
Long
by LaBOSS_FX
Get ready to short GBPUSDHello everyone !. This signal meets all shorting requirements except the "M" pattern that will definitely form once price hits the flipping zone which is also a confluence and price will therefore be touching the trendline for the third consecutive time. The DXY has been bearish which has been taking the price of GBPUSD to previous highs and once the news for Jolts job openings Is out, DXY will bounce back to it's monthly high and send GBPUSD and subsequent XXXUSD pairs back down. Once fundamentals come out and supports our analysis,please go all in using proper risk management but we have an incredibly bearish bias on GBPUSD. Price should head back down to it's 1.34400 region before any more major move !.
Short
by LaBOSS_FX
2