Nvidia bounced from its 0.5 Fib retracement level and its 360degrees "Gann Dynamic Square of 9 level from its high"
It is still - in my opinion- trending upward as the trend isn't broken. An ideal stop would be placed below the daily cloud.
We are also approaching a Gann seasonal date at DEC22nd counting 21bars from the high.
Gann seasonal dates often indicate a beginning of a new cycle, coupled with the 21bars, I think that could be interpreted as a sign.
There are more in the chart so feel free to take a look at every element of it.
Enjoy and trade safe.
It is still - in my opinion- trending upward as the trend isn't broken. An ideal stop would be placed below the daily cloud.
We are also approaching a Gann seasonal date at DEC22nd counting 21bars from the high.
Gann seasonal dates often indicate a beginning of a new cycle, coupled with the 21bars, I think that could be interpreted as a sign.
There are more in the chart so feel free to take a look at every element of it.
Enjoy and trade safe.
Comment:
raising the stop to a bit above B/E "Break-even" to 280 seems like the wise thing to do here to guarantee a winner and forget about this trade and let it ride to target
Trade closed: target reached:
Target reached, I'm out
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gannbox.com
you can also contact me on Twitter :
twitter.com/Nasser_Humood
Or through TradingView's direct messages.