NVDA
Nvidia 30m Timeframe
Bearish Divergence + RSI Bearish Swing Rejection
(Not Pictured) - Ichimoku Cloud sell signals triggered.
Price has fallen out of the green pitchfork while putting in a Head & Shoulders pattern, within a larger H&S pattern.
I'm expecting price to drop here, at the very least to my T1 level or T2 level notated by the green and yellow trigger lines.
My greedy target is T3-Red oval, which is the median line of a larger pitchfork on the daily timeframe.
I've set this as a potential target because price never retested this line before continuing higher.
If price were to drop sharply, that median line (red oval) would be a likely support area.
I'm already short NVDA as of Monday, I'll be adding to my short once price breaks the white trigger line support.
Stop-Loss set at the peak of the right shoulder around $193.50
Nvidia 30m Timeframe
Bearish Divergence + RSI Bearish Swing Rejection
(Not Pictured) - Ichimoku Cloud sell signals triggered.
Price has fallen out of the green pitchfork while putting in a Head & Shoulders pattern, within a larger H&S pattern.
I'm expecting price to drop here, at the very least to my T1 level or T2 level notated by the green and yellow trigger lines.
My greedy target is T3-Red oval, which is the median line of a larger pitchfork on the daily timeframe.
I've set this as a potential target because price never retested this line before continuing higher.
If price were to drop sharply, that median line (red oval) would be a likely support area.
I'm already short NVDA as of Monday, I'll be adding to my short once price breaks the white trigger line support.
Stop-Loss set at the peak of the right shoulder around $193.50
Closing in on T3