@NVDA bearish structurea market structure waiting to see how this play out but i still believe bears might broke the structure and move lower ,we wait to see what happens next
SHORT NVIDIA for a 15% Profit Target from yesterdays close...**NIVIDA** Failed to create a new High and Broke Support in yesterdays session on higher Volume circled below, see the stock falling at least another 15% from here dragging the S&P index with it, first target would be $110 with stop loss placed above all time high $152.90 ...
NVDA tapped outLooks like Nvidia is finally out of gas as its breaking this long term upwards trend. Not much support here so I think we see a correction towards $80.
Very bullish on $TSLALooks absolutely primed. Bouncing off all the monthly VWAPs/EMAs. Loads of price support. This could easily go to $276 and potentially $360.
I suspect this may go nuts if the Feds cut rates in Sept.
Mara providing weekly breakoutMara since has backtested trendline breakout. Measured move fits nicely on fibs 1.272 = $40
NASDAQ:MARA #MARA #BTC #BITCOIN
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BUY NETFLIXJust an idea and trade at your own risk.
Netflix looking bullish on its weekly timeframe and still in uptrend channel.
After testing the lower of the uptrend channel at area 150, uptrend is resuming and possibly to the upper channel of the uptrend.
BUY APPLEApple is an uptrend channel and bullish on the weekly timeframe.
The next target is to the upper of the channel at area 265-270.
$NASDAQ:RGTI breaking out of a bullish flagNASDAQ:RGTI appears to be breaking out of a bullish flag with ~$14 Price Target (PT).
Awaiting confirmation on volume, but 100M shares have traded 2 hours into the trading day, which matches recent daily volume. Long story short... looks like there's going to be a lot of volume today.
As I get closer to the PT, I'll set up a trailing stop to help maximize profits/minimize loss.
Good luck!
NVDA in H&S & falling wedge patterns, and potential ST supportsNASDAQ:NVDA Swing Trading
Bearish short-term (no position) but bullish medium-long term.
Current Patterns
First, we see the price crossing the neckline of the Head and Shoulders (H&S) pattern on daily chart. The target price is at 110$, but not sure we reach this level. A close below the neckline would strongly confirm the bearish move with good volume. This is a good setup for short selling investors.
Additionally, there is a falling wedge forming (as shown in the chart), which is a potential bullish reversal pattern once it breaks up. This will be interesting to watch.
If the downtrend continues, the 20MA crossing below the 50MA on the daily chart, known as a death cross , would be a strong bearish signal. This indicates that the price is likely to face further downward pressure, as it reflects weakening short-term momentum compared to the longer-term trend. Historically, a death cross is associated with the beginning of sustained declines in price.To confirm this, watch for the daily close to solidify the crossover and be alert for other bearish indicators like the RSI and MACD showing continued weakness.
Strong support levels are found at $130, which acted as resistance in August, and the 100-day moving average (MA) on the daily timeframe at $127.90.
What I am watching for the next bull run
Volume has shown a slight increase, surpassing the 20-day moving average (MA) of volume yesterday, indicating growing interest. Today's close will be key to confirming the validity of the H&S pattern. Momentum indicators are bearish , with RSI under 39 and MACD in the red. However, I remain bullish on the short- and medium-term, so I’m watching for strong support levels and a potential reversal signal (RSI up, MACD green) with a solid bull volume.
What's crucial now is patience—I won’t enter when signals are bearish, and the next bullish setup isn't in place yet.
www.tradingview.com
Purple Innovation | PRPL | Long at $0.93Purple Innovation / Mattress NASDAQ:PRPL is facing a Nasdaq delisting if it can't stay above $1 by early 2025. However, a positive move up (from a technical analysis perspective) may be brewing. My historical simple moving average lines are approaching the price, which more often than not means a future price jump. But the question is, will it occur before the scheduled delisting?
Google Trends shows the largest spike in the search for "Purple Mattress" occurred between June to December 2024. The CEO of NASDAQ:PRPL bought $203k worth of shares around this initial spike. The company is not expected to be profitable for some time, but I am more interested in the short-term move here vs the strength of the company, long-term. So, while this is a "risky" play, especially with the approaching Nasdaq delisting, it's interesting from a technical analysis end. At $0.93, NASDAQ:PRPL is in a personal buy zone through January 2025.
Target #1 = $1.14
Target #2 = $1.30
Target #3 = $1.50
Target #4 = $1.63
NVEE Trendline Breakout with Upside Potential !NVEE on the 30-minute chart shows a breakout above the descending trendline, signaling a potential reversal and bullish momentum.
Entry: $19.99
Stop-Loss: $19.47
Target 1 (T1): $20.64
Target 2 (T2): $21.49
The price action is supported by a trendline break and consolidation near the support zone. A clear risk-to-reward setup with tight stop-loss and profit targets in place.
⚠️ Watch for increased volume to confirm the breakout.
#NVEE #NASDAQ #Breakout #TechnicalAnalysis #TradingSetup #SwingTrading #RiskManagement #TrendlineBreak #TradingView 🚀
[ZENA] Will it bring out a cup pattern?If we assume the cup pattern will be fulfilled, the target range will be about 723%.
Will it happen?
Market will prove it.
Trading JournalI had sold because it was too extended over the all key moving averages,
it set up again, bought again pretty much at sold price and made another move higher.
It is even more extended, hit the all time high price, it can certainly go higher but I rather book profit and let go of remaining profit and get out vs stay in
TSLA: Bigger than you thinkFirst stop is 458 based on first 1.61 Fib extension. However I believe bullish sentiment will continue prior to inauguration to the next level at 650 prior to wave 4.
Not trading advise but wave 3 is typically the longest and strongest.
Doesn't make any sense a drop, right?It makes no sense that this company is dropping today, but there is a reason for it: it was forming this massive symmetrical triangle that aims to take us to a new high. In fact, it left two vectors with a formation waiting to be completed, perhaps today or during this important week of the FED meeting.
Nvidia: Gradual ProgressNvidia’s stock has made slight progress toward fulfilling our primary scenario. We still anticipate -wave sell-offs down to the support level at $90.69, where the blue wave (IV) correction should finally conclude. However, our alternative scenario of an already finished wave alt. (IV) remains in play. In this case, the stock would resume its ascent as part of blue wave alt. (V), pushing well above the resistance at $152.89 to reach new highs and, thus, complete the overarching green wave alt. (probability: 37%).
$NVDA #HeadNShoulders #Top ? Monday Poopy? #PlungerTimeTechnical Analysis, Keep It Simple
Head and shoulder top into the weekend.
NASDAQ:AVGO stealing some of the pie? NASDAQ:NVDA hitting some #speedbumps?
Next week puts could be worth the #squeeze.
#TreadLightly it's still Nvidia, but I read patterns primarily.
- Prophecies
PS; Could have a similiar-ish "build" to the NASDAQ:TSLA #BreakOUT #Re-Test #Go0o0o ...
AVGO ...Broadcom, little bit of Debt hurt no oneStraight from the Horse's mouth...in their forward looking statement... That isnt from a company at a top or accelerating to new innovation...its one of burn out and my allegedly not at all liable hypothetical guess is exit of shares by the inside- and I dont mean C-suites...Those who they know and want out before the Fall:
"our significant indebtedness and the need to generate sufficient cash flows to service and repay such debt;"
The chart says- crackup boom like #NVDA along with debt explosion
NVDA HEAD N SHOULDERS TOP .nvda is a perfect candidate for a big short on NVDA, bc is forming an h&s top, RSI divergence, low volume, nosense price action up, is overbought.
short n buy with the intraline support.
NVDA ...Fishy things Smell when you dig deeperThink about this for a second...To make things like engines, there are tons of people cramming ideas onto boards and CAD systems then employing CNC's to construct the first engine of your PROTOTYPE.
Even though every Formula one to Toyota Camry has an engine...the mounts, the fuel system, the weight ratios, etc are so drastically different- you could say, the car is built around it.
Now...relating ^ that to chips. You have to do tons of research to fit chips onto things. We arent talking a simple- pop the AMD out of Mr. Gamer's Tower and switch with the NVidia one....Thats as simplistic as it gets. You have data centers that need to have parameters as to heat dissipation, electrical usage, maximum safe tolerance for chip load, etc.
Yet you release something new that is like, hey guys- just pop out the old and slip this bad boy in. I find that hard to believe. How could you have newer power hungry projects that the utilities would have to be informed of to calculate load and transfer line/sub station tolerances, given these things arent located in the boonies. The engineers would have to come up with ways, in how short of a time, to dissipate the higher heat...while calculating what the operating temps of the whole system they are installed in can handle before things go a little burn-outy.
Again....I may just be completely oblivious to it...but like the neighbor who says, "You sure thats a good idea not roping that ladder to the tree" to the 20 year tree pro- its both an inquiry for thought, but also a possible reminder if everyone gets to far up their own whatever to come back to reality.
Uptrend & Downtrend Bullish Falling Wedge Pattern TutorialA bullish falling wedge is a charting pattern that signals a potential reversal from a downtrend to an uptrend. Here's a breakdown of its key characteristics:
Shape: The pattern forms a wedge that slopes downward, with the upper trendline connecting the highs and the lower trendline connecting the lows. The key is that the highs and lows get closer together as the pattern develops.
Trend: It typically forms during a downtrend, indicating that selling pressure is decreasing.
Breakout: The pattern is bullish when the price breaks above the upper trendline. This breakout suggests that the downward trend is losing momentum, and an upward trend may follow.
Volume: During the falling wedge formation, volume tends to decrease, which supports the idea that selling pressure is diminishing.
Retest: After the breakout, it's common for the price to retest the upper trendline, and if it holds, it provides further confirmation of the bullish reversal.
Example
Imagine a stock that has been falling for several months. The price forms lower highs and lower lows, creating a narrowing wedge. Suddenly, the price breaks above the upper trendline with increased volume, signaling a potential reversal and the start of an upward trend.
