False break downs like this are very bullish signals.
Trade active:
@ 531. Adding some in the AH
Trade closed: target reached
Comment:
NVDA sending out another false signal. Next minor impulse down is the last before a breakout to the upside:
Comment:
Notice how NVDA broke my target 1 level today. I went back long calls at spot 562. I expect a substantial breakout from here:
Comment:
Showing lots of relative strength as it breaks out on a challenging day: