NVDA has provided pretty clear bias and momentum signals.
Hey, this isn't trade advice.
The upside target is 270-280.
This clicks with key 4D level as well as RDA projection zone (grey lines).
I teach simplicity and I ask 2 questions:
What Should Happen?
Bias and momentum should hold on 4D and D charts
Price should probably stall around 216 but ultimately close with a level above.
If price pulls back the ideal textbook reaction is a rejection at the 180 area. The creation of a level on the 4D chart above or around this. If that level gets tested it holds.
What Shouldn't Happen?
No 4D close below RDA
If price pulls back to the high probability reaction zone, it better create a level above one or all the momentum and bias indicators.
Overall this might provide a good swing or options trade. Especially if you a trader enters in a scale in strategy.
Trade active
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Time to put in some trail stops. Target almost reached. I'm exiting 1/3 holding. 2/3.
Trade active
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Almost to first profit zone.
Trade active
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it's all about the 60m now. will that roll over. Right now the zone my system says to watch is 208-212. So will that be tested and will it hold. Right now I'm out of 2/3 of the position and have a trailing stop starting at 225. So I'll be watching the 60m chart closely over the next few days.
Comment
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Advance the chart above and tell me the RDTS doesn't have predictive edge. Still in trade took some profit in the predicted zone. Too bad I don't share more of the swing trades like this but TradingView doesn't really want me too. Every week I get some message that something I did broke house rules. Shame as I'd post 3 times as much great trades like this. Want the real follow below.
@southnjes, Thanks, I'd post more except this platform or mods here once a week tell me that I break house rules. Advance the chart now I'm amazed myself of the predictive nature of my system I trade.
pilovibes
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Any short term targets for NVDA at this point? Thank you for your insight in advance
RexDogActual
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@pilovibes, from my system it's all about the 60m now. will that roll over. Right now the zone my system says to watch is 208-212. So will that be tested and will it hold. Right now I'm out of 2/3 of the position and have a trailing stop starting at 225. So I'll be watching the 60m chart closely over the next few days.