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Cousin_Fat_Fat
Jun 7, 2022 4:05 AM

NVDA SHORT Short

NASDAQ:NVDA30
NVIDIA CorporationNASDAQ

Description

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NASDAQ: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







Comment

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T1+T2 reached

Closing in on T3
PitchforksHead and ShouldersOscillators
Comments
Swoop6
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Swoop6
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Swoop6
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Cousin_Fat_Fat
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@Swoop6, Oh yeah! Coin me papi!
heavy_assault
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nah, they're not gonna let this super bubble go down. it's the biggest darling on wall street.
Cousin_Fat_Fat
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@heavy_assault, umm... This stock was down almost 60% from it's all time high just two weeks ago. But sure.
heavy_assault
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@Cousin_Fat_Fat, yea they won't let this biggest darling on nasdaq drop, many days open red then immediate pump to the moon. worse than cisco at peak of dotcom bubble, but when you're the super darling of the market, valuations mean nothing. better close your shorts before a violent breakout imo.
Cousin_Fat_Fat
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@heavy_assault, Target 1 = Check
heavy_assault
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@Cousin_Fat_Fat, i posted that in the morning, it was massively green then.
Cousin_Fat_Fat
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@heavy_assault, Massively green, below my stop-loss..... T2 = Check
T3 by Wednesday
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