NVDA has formed a rising wedge on the 4hr time frame and is approaching is daily major resistance. My current short region is $170-$175 as long as we fail to close above the top resistance line in red.
Options play $170 puts 3 weeks out when top red trend line is hit or bottom support of rising wedge is broken :)
Options play $170 puts 3 weeks out when top red trend line is hit or bottom support of rising wedge is broken :)
Trade active:
Comment:
NVDA rejecting from top red trend line as expected :)
NVDA rejecting from top red trend line as expected :)
Comment:
NVDA about to reach upper RED trend line for SHORT :)