Chart Pattern Analysis Of NVDA After K1 break up the initial uptrend channel, a bearish harami pattern of K2 and K3 stopped the strong bullish momentum. The market turned to be more neutral. It seems that a consolidation will lasts for months here. And the decreasing demand also verified it.by nothingchangehere1
NVDA: TA for tomorrow trading (10/07/2024)Key Levels: Resistance Zones: 127.66: This appears to be a significant resistance level based on past price action. The price is currently approaching this level, and it might act as a barrier for further upward movement. 125.17: Another key level where selling pressure could appear, based on previous consolidation and rejections. Support Zones: 122.85 - 122.45: These zones are crucial as they represent the immediate support level, where buyers previously stepped in. It’s important to see if the price holds here in case of a pullback. 114.70: This is a major support zone, and a break below this could signal further downside potential. Price Action: There’s an upward trend forming from the low around 114.70 to the current price, indicating bullish momentum. However, the upward channel shows the price nearing a resistance point, which might cause consolidation or a pullback. The recent breakout from a descending trendline suggests a potential continuation of the uptrend, but the price approaching 127.66 might see some rejection unless there’s strong buying volume. Volume Analysis: The volume spikes on upward movements indicate buyer interest, but recent candles show a bit of hesitation as the price nears resistance levels. Watch for a volume increase if it attempts to break through the 127.66 level for confirmation of bullish momentum. Indicators: The chart shows oscillating movement near the zero line, indicating a possible indecisive market. Watch for a clearer direction from the oscillators in the next session for a stronger signal. Strategy for Tomorrow: Bullish Scenario: If NVDA breaks above 127.66 with strong volume, this could be a signal for a continuation of the uptrend, with a potential target of around 130 or higher. Bearish Scenario: If NVDA fails to break the 127.66 resistance, look for a pullback to the 122.85 - 122.45 support zone. A break below this support may indicate further downside, possibly testing the 114.70 support again. Entry/Exit Points: Bullish Entry: On a confirmed breakout above 127.66, enter long with a stop-loss slightly below 125.17. Look for targets around 130. Bearish Entry: If price gets rejected at 127.66, a short position could be considered with a target around 122.85. Place a stop-loss above 127.66 to manage risk.by BullBear-Insights10
NVDA Update Trading Strategy Analysis for NVDA Futures (1H Timeframe) Overall Setup: Timeframe: 1 Hour (1H) Trading Objective: Identify entry points, take profits, and trailing stop loss levels for a short-term trading strategy. Key Indicator: Using a combination of Algo Support/Resistance zones and Pivot Points (PP) to establish Entry, Stop Loss, and Take Profit targets. Risk Management and Trade Setup: Entry Point: The Entry is set at the 1H support level of 117.45. This is a high-probability bounce zone if the uptrend continues. This level also aligns with the Support from lower timeframes such as 15-minute and 30-minute charts, making it a strategic entry for a trend continuation. Stop Loss (SL): Stop Loss is set at the lower support level of 116, which is slightly below the Entry point to mitigate risk if the price does not follow the expected trend. Placing SL below support helps avoid premature stop-outs due to market noise. Trailing Stop Loss (TSL): The Trailing Stop Loss is initially set at 123.71. As the price moves up and reaches TP 1 or TP 2, the trailing stop will automatically adjust to lock in profits. Using a trailing stop allows the position to capture more gains if the trend extends further without exiting too early. Take Profit Structure: TP 1: 124.44 - This is the short-term take profit, representing a 7% - 10% profit target. TP 2: 127 - The intermediate-term goal, providing a 15% profit. TP 3: 133.14 - The final long-term take profit point, maximizing profit with a 20% target. Strategy Adjustment: If the price moves favorably and hits TP 1: Trailing Stop Loss should be moved up to the Entry point to ensure a risk-free trade. Maintain the position for a potential move to TP 2 or TP 3. If the price reverses and hits the Stop Loss: Consider closing the position entirely and reassessing the trend from higher timeframes (e.g., 4H or Daily). Timeframe Breakdown and Role in Strategy: 1H Timeframe: Used to establish key support/resistance zones, Entry, and Stop Loss points for short-term trading. 15-Minute Timeframe: Utilized to identify intraday fluctuations and confirm signals. 2-Minute to 5-Minute Timeframes: Focus on identifying candle wicks and fine-tuning entry points for quick scalping trades. Trend Analysis: Currently, NVDA is in a short-term uptrend with a strong resistance at 124.44. If it breaks through this level, the price could continue climbing towards the next targets at 127 and 133.14. Volume and trend indicators are also supporting this upward scenario. Important Considerations: Always adjust the Trailing Stop Loss as each TP is reached to ensure gains are protected. Monitor trading volume and volatility to fine-tune the strategy and react quickly to changes in market conditions. Weekly Timeframe Setup (Trailing Stop & TP Analysis): In the weekly setup (as seen in the shared chart), the Trailing Stop Loss acts as a key pivot to manage longer-term positions, with: Entry Point at the weekly support level. Stop Loss set slightly below the weekly wick. Trailing Stop Loss adjusted using mid-points of daily, weekly, and monthly resistance levels. Scalping Timeframe Explanation: For scalping strategies: 2-Minute Timeframe: Used for pinpointing candle wick levels over a 2-day, 5-hour range to identify micro-trends. 5-Minute Timeframe: Helps define support and resistance levels for the 15-minute timeframe and guides scalping entry points. 15-Minute to 30-Minute Timeframes: Used for higher precision entries, especially in choppy markets. This combination allows for quick scalping and precise short-term entries, making the strategy adaptable for both trending and ranging markets. Swing Trading Strategy Explanation: For swing trades: 15-Minute Timeframe: Date range set to 3 days, 8 hours, with a focus on establishing short-term support and resistance. 1-Hour Timeframe: A broader view with a 7-day, 4-hour range, used to capture intermediate trends. 2-Hour Timeframe: A 14-day view to align with larger support/resistance structures, ideal for position holding. 4-Hour Timeframe: Establishes a 28-day trend overview, aiding in long-hold decisions. Investment Strategy Overview: For long-term investments: Daily Timeframe: A pattern spanning 175 days helps identify major trend shifts. Weekly Timeframe: A pattern covering 840 days (approximately 2.5 years) provides a holistic view of major support/resistance and trend direction. 1-Hour and 2-Hour Timeframes: Serve as intraday wicks for entries and exits on longer timeframes. 4-Hour Timeframe: Support and resistance points for the weekly trend. Conclusion Using the outlined strategies and timeframe-specific setups, this approach can be tailored to various trading styles, whether it’s scalping, swing trading, or long-term investing. By aligning Stop Loss, Trailing Stop Loss, and Entry points with key support and resistance levels, traders can maximize profit potential while maintaining strong risk management. by TWRTEAM2212
NVDA price bounced exactly at the green zone, around 115.25. WOWThe price bounced exactly at the green zone, around 115.25. WOW, do you remember my analysis of Nvidia from last week? I can't even believe it myself; it was incredibly accurate! Every time I apply price behavior with price action, I always remember the words of my mentor, Al Brooks. He told me: "Just remember, Mike, price action is ALWAYS RIGHT." I believe that it's the trader who makes mistakes, not the price action, because it will always be on the correct side. That’s why I always recommend drawing trend lines, channels, and minimizing the use of indicators that might make you see something different. This way, you'll be more accurate in your decision when executing an order. Going back to Nvidia... There’s something about the last candle that has me a bit uneasy. This can be very misleading because the price HASN’T BROKEN THE CHANNEL YET! The advantage we have here is that the last candle shows a buying pressure wick, but it hasn’t fully broken out of the channel or shown volume yet. However, I still believe that Nvidia will likely break out at any moment because it bounced off my green zone, as we said in the previous analysis (well before), and it didn’t even reach the #4 sequence, which would have been at the channel’s support. Now, we just need to wait for a breakout confirmation. But what will happen after it breaks out? We’re looking for an N3 pattern. An N3 pattern involves three movements: #1 Breakout and New High #2 Pullback and Rebound #3 New Extreme That simple. Will it happen? No one knows for sure. The next step is the breakout, and after that, we let the price do what it needs to do so we can position ourselves for the next move. Stay very alert this week! Best regards, and thank you for supporting my analysis.Longby RocketMike1114
NVDA Weekly and Daily Outlook: Bullish Trend with Mixed Signals NASDAQ:NVDA Technical Analysis Weekly Perspective The weekly technical indicators for NVDA show a predominantly bullish outlook, with strong support from moving averages across various timeframes. Oscillators: Most of the oscillators remain in neutral territory. The Relative Strength Index (RSI) is at 59.09, indicating that the stock is not overbought or oversold. The Momentum (10) is showing a buy signal, reflecting a possible upward move, but the MACD is indicating a sell, suggesting some divergence in short-term momentum. This points to a cautious outlook, where price action might not be fully supported by underlying momentum. Moving Averages: All the key moving averages (both exponential and simple) are signaling buys. The 10, 20, 50, 100, and 200-period moving averages are all below the current price, which reinforces the strong upward trend. The Volume Weighted Moving Average (20) and Hull Moving Average (9) also confirm this bullish sentiment, with the stock remaining above these key levels. Despite the neutral signals from most oscillators, the moving averages strongly support the continuation of the upward trend. However, some caution is warranted due to the conflicting momentum signals. Daily Perspective On the daily chart, NVDA’s technical indicators show a slightly more bullish tone compared to the weekly outlook. Oscillators: The daily RSI is at 58.39, close to the upper neutral zone but still not overbought. The Awesome Oscillator and Momentum (10) are both giving buy signals, indicating positive momentum in the short term. The MACD is also in buy territory, which could suggest the continuation of the recent uptrend. Most other oscillators, like the Stochastic %K and Williams Percent Range, remain neutral, reinforcing the view of balanced price action for now. Moving Averages: All moving averages, both exponential and simple, are signaling buys. The price is above the 10, 20, 50, 100, and 200-period moving averages, indicating strength in the trend. The Volume Weighted Moving Average (20) and Hull Moving Average (9) also reflect a strong bullish stance, with the price staying above these levels. In summary, the daily analysis reflects a stronger short-term outlook with positive momentum and solid buy signals across all moving averages. Conclusion NVDA presents a strong bullish trend across both the weekly and daily charts, supported by moving averages that are firmly in buy territory. While oscillators on the weekly chart are mostly neutral, short-term momentum indicators show strength on the daily chart. This suggests that NVDA is in a solid uptrend but with some mixed signals that warrant caution, particularly in monitoring momentum for potential shifts.Longby CF_4443
NVDA is it Breaking Out?Looks like NVDA is preparing for an upside breakout. Here are some key facts:- The price is above it's 200DMA as well as has found recent support at the 50DMA. Consistently making Higher Lows Longby MohitMarwaha5
Nvidia next possible moveHi traders I decided to a serious look on nvidia as there is soo many weird graphs 📊 about,Nvidia it's still in a bull trend however some traders are confused n see some selling others buying which is normal,when I started trading I use to draw weirdo graphs until I invested more knowledge in how to follow the trend,am expecting nvidia to break that triangle in few weeks,if its necessary to test 104 again before breakout, if not it can break it this coming week#netflix,apple,Amazon,tesla,nvidia,msft,google don't over think n sell this stocks in 2024 without proper clear change of directions they are trending up since 2023 n they can close higher aswell.this years if we won't have any crash or recession do to war,other traders I talk about war they ask me why war in the market,war does affect markets n economy n can cz damage in interior economy that's why we need to find a way to stop the war that Israel started before it become world War as alot of countries are getting involved,but for now we still stick to the bull run cycle n under control,soo also understand if I comment on your post am not fighting you are welcome to come n comment below,anything against the trend without proper U.turn I disagree,you need to have a good specific reason to goo against the trend if is trending up or down n understanding it's pull back thanks😊 Longby mulaudzimpho222
NVDA FOR BULL RUNLooking for break in structure as long as 116 area is not traced back 121 zone is fair value zone for entry. Need to cross 130 area with momentum, entry on retestLongby pandhicapital3
Trade Idea -- NVIDIA Corporation (NVDA)The chart of NVIDIA (NVDA) is showing a potential breakout setup from its current consolidation. The stock is trading within an upward channel, with resistance levels marked around 127. A breakout above 127 could signal the start of new bullish momentum, potentially leading to a continuation of the stock’s longer-term uptrend. This level has been tested several times, and a strong move above it may trigger further buying interest, especially if accompanied by rising volume. The trend line support below offers a key area to watch in case of a pullback before any breakout confirmation. by TraderhrTrading7
NVDA price has shifted on monthly data -- not favoring BULLS.NASDAQ:NVDA (NVIDIA Corporation) Shorter's paradise. Monthly shift has been spotted. NVDA needs to break 500 to preserve hope for upside continuation. Otherwise, the other side will be their season. If breakdown continues, a target at 300 levels is the goal. I'm still hopeful for a turnaround. Net negative volume is quite significant conveying bear dominance. Spotted at 430 TAYOR Safeguard funds always.Longby JSALUpdated 4418
NVDA Consolidates & Setting up for a bigger move. NVDA Flag. Bullish above the recent highs. ***NOT a financial advice. For educational purpose only.***Longby Scorpion203318
Bearish on NVDA to $50 areaMy favorite setup of all time. The broadening wedge. Shorting the top up here. Shortby HumanIntel242432
30 Min- 5 Min NVDA We are Going Up But to Where ???? Good morning Traders Everyone has a coffee in hand lets get into it So in the video I break down a bit more wave counting, a few projections on where we are going up and where we might encounter some resistance plus our thesis is still in check on hitting 128-129 zone like we discussed before. Enjoy MB trader Long07:29by Mindbloome-Trading4
NVDA: Buy ideaBuy idea on NVDA as you can see on the chart if only if we have a breakout with force the vwap and the RL by a big green candle.Longby PAZINI199
Is $NVDA breaking out of an ascending triangle?Is NASDAQ:NVDA breaking out of an ascending triangle — often a sign of continued bullish momentum? Volume will be key to confirm this move. I keep an eye on NASDAQ:SMH , the semiconductor ETF, as it's also gaining strength yesterday, after a pullback recently. Are you seeing the same breakout? Let's chat!by AIFinPlot2
TA for NVDA Tomorrow 10/4/2024Price Action Overview: NVDA has recently broken out of a descending wedge, which is typically a bullish pattern. The stock has been testing the resistance zone near $122.40 - $122.76 and is consolidating slightly above this level. Volume is showing a potential shift in momentum after the breakout. Key Support Levels: $122.40 - $122.76: Current short-term support where the stock is consolidating. If NVDA holds this zone, it could fuel further upside momentum. $118.85: A key support level within the wedge structure. If NVDA pulls back, this would be the next area to watch for a potential bounce. $114.70 - $114.76: Strong support at the base of the wedge. This would be critical if NVDA sees a stronger pullback. Key Resistance Levels: $126.00 - $127.00: First resistance zone above the current price. If NVDA clears this, expect a potential continuation toward higher levels. $130.00: Psychological level and a potential target if the bullish momentum strengthens. Entry/Exit Points: Entry (Bullish): Look for a break and hold above $126.00. This would confirm strength and provide an entry for a potential run to the next resistance at $130.00. Entry (Bearish): A failure to hold above $122.40 could signal a pullback toward $118.85, offering a potential short entry. Exit (Bullish): If entering around $126.00, look to exit or take profits near $130.00 or higher, depending on momentum. Exit (Bearish): If entering below $122.40, consider exiting near the key support around $118.85 or $114.70. Directional Suggestion: Bullish Bias: With the recent breakout of the descending wedge, the overall sentiment leans bullish. A hold above $122.40 suggests a continuation upward, and a break above $126.00 would confirm further strength. Bearish Scenario: If NVDA fails to hold above $122.40 and slips back into the wedge, a pullback to the $118.85 or $114.70 zone could occur. This setup offers both bullish and bearish opportunities, with a key focus on whether NVDA can hold above its breakout level or face rejection at resistance. Always watch for confirmation and manage risk accordingly. Let me know if you'd like any further insights!by BullBear-Insights8
[NVDA] Give it another tryThere's a beautiful pattern on NASDAQ:NVDA daily chart about to complete. The 1st attempt was failed, now it wants to give another try. MACD downtrend line has been broken...usually price follow suit...but in the market, always prepare for the un-norm. Cherio...Longby moressay2
NVIDIA _ Corporation _ Quarter 4 _ Distribution _ Prices. NVIDIA _ Corporation _ Quarter 4 _ Distribution _ Prices. We are still within the Stage 1 = Accumulation Stage, meaning the next distribution price over the Stage 1 = $130.89. Support confirmation over Quarter 3 = $131.96 follow by $132.89. $134.84. ( Drop from here to the key level of $119.59) _________________________ After the Retest within the key level of $119.59 we will be covering Stage 2 (Global Market) Advance Stage! Prices as follow! Advance Stage Distribution prices: __________________________ $136.57 $137.85 $139.29 $145.10 $154.51 $159.69 ____________________ Prepare for descending to the key level of $129.98! Almost Xmas! Break time!Shortby Skill-Knowledge-Conduct4
NVDA LONG Good R:R S&R long on NVDA. TP1 is wick fill at 125 TP2 is nex res at 130Longby Ccgp-investmentsUpdated 6622
NVDAThe growth potential here is limited — we're approaching the end of the ending diagonal. After that, I expect a significant correction. Whether it will be a correction of the entire impulse or an extension of the final fifth subwaves will depend on the depth and duration of the anticipated pullback.Longby Lazy-Lizard2
Trade What You SeeLooking for this rally to fizzle, will size into a short position. by MechanicalTrader132
Nividia: Will we reach 128.70 ? I Believe We CAN Good morning Traders MB Trader here checking into see how everyone is going So the game plan today is: 1) Do some wave counting; we all love a little bit of wave counting to figure out where we are in the market 2) Do some projections figuring out where are we going up ? 3) Do some micro projections to figure out the different areas of resistance and where that will be Enjoy traders and remember I love your comments, feedback and anything else you want me to make videos on Happy Hunting For Those Trades Remember trade what you see not what you assume MB Trader Long09:36by Mindbloome-Trading225