As I see it, over 90% of the time NVDA reaches 70+ RSI overbought level it makes a small correction. At times, this can be easy to miss, but assuming RSI is combined with other indicators/candles. This may be the basis of my strategy for big put plays moving forward. Take this with a grain of salt as I am a complete noob.
Unfortunately the chart has to be 15min to publish, but zooming in under 5-day 5 min chart, the trend is alot more obvious. I've been keeping an eye on it the last two weeks. NVDA may stay overbought for a short time but it always dips at least enough to bring a few pips from properly timed Options.
Congratulations and well done for sharing your first idea with the community. Hope you will be having great experience. Thanks for your contribution. From mod @Bravetotrade
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade