TheSignalyst

NVDA - Once a Castle, Always a Castle🏯

BATS:NVDA   NVIDIA
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 NVDA has been overall bullish, trading within the rising wedge in green.

Currently, NVDA is in a correction phase and approaching the lower bound of the wedge.

Moreover, it is retesting the previous major high marked in red.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the previous major high and lower green trendline.

📚 As per my trading style:
As #NVDA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Trading Made Simple; and Rule-Based
www.RichTL.com

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