Nvdashort
NVDA Downtrend.Looks like in downtrend.
hoping to hit ~270 range to support the earnings and post which it would come to ~200 range.
May be in FEB last to March timeframe.
Somehow I have feeling during this transient bear market almost all scripts would hit pre-pandemic levels.
Note : Not an investment/trading advise. Please do you own DD.
NVDA: Set your buy orders for 235-240NVDA made a nice 5-wave move off the low, but now it is time to take a rest and digest some of the gains. We may still get one more small push up to the 270 level, but it is not worth chasing right now. The price target for this swing trade is 400+, which would translate to a 60-70% return by the end of the year.
5 WAVES UP ENDED LOOK FOR A CRASH We have ended into a Month in history with the highest level of major market tops outside of late aug 17 to sept 10 thru out the markets history . at THIS POINT and the wave structure as well as fib relationships within the the wave structure . I can now say we are setup for a CRASH cycle I think it has started and will see it over the next few days . the weekly rsi has not confirmed this rally as well as the nysi and nymo models put/call/ are not at any bottom or value nor is the naz dsi or fear greed index . BEST OF TRADES WAVETIMER
NVDA BEARISH WOLFE WAVE DAILYThere is a bearish wolfe wave setup on the daily time frame that triggered last week Dec 3, 2021. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the red perforated line, as shown in the chart. The projected target is approx 180 which is represents a 5 standard deviation move. We do not believe NVDA will reach this level in the short term; however, it is probable that NVDA can take out some gaps that have been left open post run-up. Closest gap target is 267. If this tgt were to be achieved, I would expect it to sell off to 267 and lower Dec 14.
NVDA Trading IdeaGday Guys. Hope everyone generate huge profit...
Let's analyse NVDA Stocks today.
Uptrend Market Structure since Mar 8,2021 created a low price at 463.18. The stock rise break previous low at 615.38(Feb 16, 2021) which creating New High at 648.12 on (April 15, 2021).
Price continue to create a Highlow at 538.72 (May 13,2021) which is unable to reach previous low that created on Mar 8, 2021 (463.18). This happen due to previous Demand Zone hard to break which is make the price move upside breaking previous high at 648.50 and price rally
bullish on the peak of 712.50 New High.
We expecting the price will be creating new HL as some correction need to be done before its continue bullish rally.
As long current price hold and not break 712.50 area, this pair still valid for some correction 625.35 Minor Demand Zone and maximum level of creating new HL at 587.74. If the price break below 587.74, we expecting price trying to reach previous LOW area.
In upside zone. If 712.50 broken, this price will continue to create new high and in return, we expecting a deep correction.
Let's see what happen next.
Nvda ShortIn current situation i see NVDA in a huge uptrend with huge unfilled Gaps, and those gaps perfectly meet the fibonacci retracement of 38.2 and 61.8-78.6 level only if the top is 590.
Therefore i think Nvda will long till 590 and find resistance and retrace to those gaps. Giving good opportunities to buy long later on.
Right now its risky to sell, and always its better to long in tech stocks.
$NVDA Bear case Target $513.5
Failed Breakout
Retest $513.5 & $505.5
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NVDA - Sub Wave 3 Correction to $396$NVDA is in Sub Wave 3 of Wave A Correction and targeting $396. And other targets are pointed out in the chart.
In short time frame, it is forming double top into Thursday. Great opportunity to buy puts.
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Good luck.






















