I'm looking to short $NVDA here, but need further confirmation of the top. If we get a smaller range day today, and we see a new daily low after that, or if we get a new daily low right away tomorrow, I'll short a half position then, risking $10.86 per share. I'll start building a position after tomorrow's close if the range is smaller than today's, and spread the selling over 1-2 weeks. Alternatively, if we see that within 3 bars, price doesn't hit 107.97, we'll get a low risk short signal, which would be a good confirmation of our fundamental thesis.
You can check out the post by @UnknownUnicorn230788 on the subject, he spotted this trade during one of our conversations at the Key Hidden Levels chatroom.
Good luck,
Ivan Labrie.
You can check out the post by @UnknownUnicorn230788 on the subject, he spotted this trade during one of our conversations at the Key Hidden Levels chatroom.
Good luck,
Ivan Labrie.
Comment:
One more day to confirm the failure of the short term momentum here. If we don't hit 107.97 by Monday's close, we can add to shorts and reduce stops.
Comment:
I'm out since we hit the bullish target quickly.
Trade active:
Shorted at $110.90
Trade closed manually:
Banked the short (for now)
