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Nvidia - Still waiting for a correction!NASDAQ:NVDA is clearly overextended but still not bearish at all on the smaller timeframes. If you watched my previous analysis on Nvidia, you know that I have been bearish for quite some time and totally wrong so far. But there was never ever any single sign of weakness so I did not take any trade betting on price to go down. Nvidia is still retesting resistance, it is still somewhat overextended and I still do expect a visible rejection away towards the downside. Levels to watch: $140 Keep your long term vision, Philip - BasicTrading
NASDAQ:NVDAShort
by basictradingtv
6
XNGUSD Technical analysis 4/12/2021This video consist the technical analysis of XNGUSD for the upoming week ( 6-10 December 2021) based on the price action. The market is now in down trend because it has broken and closed below both the neckline of head &shoulder pattern and the deep pullback support of the up trend. The price is now at the broken resistance which could turn into support. Bias If the price consolidate at this area, it will be an indication that there sellers willing to continue pushing the price down or that there are no buyers to push the price up. In either case, we will trade breakout. If the price forms a false breakout by forming a bullish candle which closes above the support, this will indicate the buyer's interest to push the market up. we will look for buying opportunities until we get a signal that the pullback is over and then we'll look for selling opportunities. I hope you enjoyed this technical analysis and if you have a market which you want us to analyze with, just write it in the comment section or email us at info@ultimatetraders.rw. May the market be with you! Ciao.
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by Ultimatetraderspro