Using my handcrafted "Time At Mode" Methodology - I can measure with a reliable consistency and methodology, the amount of accumulation that has occurred in any security on any time frame to determine how much time the security can then trend once the accumulation period is over.
The very logic of this approach came to me in 1988 after I discovered Market Profile...
NASDAQ:NVDA A potentially very bearish move may be coming for NVidia. There is a double negative divergence occurring for both volume and relative strength indicators. Could the $120 area be a triple top? Only time will tell. If the $120 area is retested, then either go short or buy puts for a time frame you think would allow for this trade thesis to play out...
NVDA-was recently slammed by short sellers. I took positions in the mid $90 range.
In the past week I sold all of my positions, then bought them back and added more (after it dropped on Tuesday March 21).
I think there is still big up-side potential.
From a technical standpoint, Here are the positives:
1. Currently multiple buy Fractals (green up arrows).
2....
Establish some positions in higher IVP. Wasn't the highest on the list, but it is in play and had at least some IV.
Trade Setup:
- 1 NVDA Apr 21 85/90/120/125 Iron Condor @ $1.11
DTE: 53
Max Win: $111
Max Loss: $389
Breakevens: 88.89 & 121.11
Trade Management: Look to take 50% winner or about $55 out of this. I will likely roll the untested side up...
NVDA came up in our smart money course. It had a really long run, and now seems forming a Head & shoulder. Also seems forming a double top. We think it has very good down side potential & it can drop to $90 shortly.
* Trade Criteria *
Date First Found- February 13, 2017
Pattern/Why- Head & shoulder; Double top
Entry Target Criteria- Break of $108.07
Exit...
Note the trend line break and the divergence in the Stochastic.
Don't really know a good entry at this point in time, could also consolidate for a bit...
