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NVDA trade ideas

NVDA 2HourTime frameNVDA 2-Hour Snapshot Current Price: $170.76 USD Previous Close: $168.31 USD Day Range: $166.74 – $170.97 USD 52-Week Range: $139.34 – $200.00 USD Volume: 170,370,750 VWAP: $169.67 USD Market Cap: $1.1 Trillion 🔎 Technical Indicators Relative Strength Index (RSI): 39.44 — Neutral Moving Averages: 5-period: $169.68 — Sell 10-period: $174.59 — Sell 20-period: $177.06 — Sell 50-period: $172.58 — Sell 100-period: $150.61 — Buy 200-period: $139.34 — Buy Moving Average Convergence Divergence (MACD): -0.91 — Buy Stochastic Oscillator: 20.33 — Neutral Commodity Channel Index (CCI): -119.52 — Buy Average True Range (ATR): 4.93 📈 Market Sentiment Pivot Points: Resistance: $175.00 USD Support: $165.00 USD 📅 Outlook Bullish Scenario: A breakout above $175.00 USD could signal a move toward $185.00 USD. Bearish Scenario: A drop below $165.00 USD may lead to further downside. Overall Bias: Neutral, with mixed signals from moving averages and momentum indicators.
NASDAQ:NVDALong
by TitanMarkets
Nvidia Stock Chart Fibonacci Analysis 090925Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 168/61.80% Chart time frame:B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress:A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find an entry-level position. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of the slingshot pattern. When the current price goes over the 61.80% level, that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, TradingView provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with the fibonacci6180 technique, your reading skill of to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low points of rising stocks. If you prefer long-term range trading, you can set the time frame to 1 hr or 1 day
NASDAQ:NVDA
by fibonacci6180
1
NVIDIA Has it bottomed??NVIDIA Corporation (NVDA) broke last week below its 1D MA50 (blue trend-line) for the first time in 4 months (since May 06). That was perceived as the bullish trend's strongest Support and rightfully so technically. The next level to watch as a Support is the 1D MA100 (green trend-line), which was the level that held and led the stock to its previous peak during the last strong bullish trend of October 31 2023 to June 20 2024. As you can see, there was a situation similar to today's where the price again broke below the 1D MA50 during the uptrend but kept the 1D MA100 intact and rebounded. Still, it managed to touch the 0.236 Fibonacci retracement level. As a result, there might be potential for one more weekly Leg down to $155.00 (Fib 0.236) before recovering but this would also most likely mean breaking below the 1D MA100. This is doubtful but not impossible but still there are higher probabilities of a rebound sooner. A strong indicator that is in Support of this is the 1D RSI, which just touched its 2-year Support Zone, a level that has always been a 'Buy' whether short or long-term. As far as a Target is concerned, the 2024 Channel Up peaked on the -0.382 Fibonacci extension, which is at $245.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDALong
by TradingShot
NVDA Support and Resistance Lines Valid from July 1 to 31st 2025Overview: These purple lines act as Support and resistance lines when the price moves into these lines from the bottom or the top direction. Based on the direction of the price movement, one can take long or short entries. Trading Timeframes I usually use 30min candlesticks to swing trade options by holding 2-3 days max. Anyone can also use 3hr or 4hrs to do 2 weeks max swing trades for massive up or down movements. I post these 1st week of every month and they are valid till the end of the month.
NASDAQ:NVDA
by OnePunchMan91
NVDA Sep 22 Game Plan – “Grinding Up or Topping Out?”1️⃣ Big Picture on the 1-Hour Chart * Price action: NVDA closed Friday around 176.07, sitting right on a short-term rising trend line. Price has been stair-stepping higher off the 172 area, but momentum is flattening. * Key levels: * Resistance: 178.60–180 (recent high & big call wall) * Support: 175–172.5 (trendline & gamma pivot) * Indicators: * MACD on the hourly is rolling over – still above zero but losing steam. * Stoch RSI is down near oversold and trying to curl, so a quick bounce isn’t off the table. This paints a neutral-to-slightly-bullish short-term picture: the uptrend is alive, but it’s late in the cycle unless buyers step in hard at the open. 2️⃣ GEX / Options Flow * Call concentration shows heavy walls near 178.6–180. * HVL (High Volume Level) is sitting near 172.5, which often acts like a magnet if price slips. * Below that, 167.5 and 165 are the next notable put supports. * IVR is low (around 3), so options are relatively cheap if you’re looking at quick plays. This means market makers may want to pin NVDA in the 175–180 zone early in the week. Breaks above 180 could squeeze toward 182.5+ fast, but a fail back under 175 risks a slide to 172.5 and maybe 170. 3️⃣ Trading Thoughts & Suggestions * Scalp / day trade: Watch for a clean break of 178.6–180 with volume. If it holds, 182–183 is the next scalp target. Tight stop under 177.5. * Fade setup: If early strength gets rejected hard at 178.6–180 and the trendline breaks, short ideas toward 175 → 172.5 make sense. * Swing idea: Only interested in swings if we close >180 with confirmation; otherwise, chop is more likely. 4️⃣ Bottom Line NVDA is at a decision spot. A quick pop above 180 could spark a mini gamma squeeze. Failure there with a trendline break drags it back toward 172.5 or even 170. I’ll let Monday’s first hour dictate the bias. Disclaimer: This is just market opinion for educational discussion. It’s not financial advice. Always manage your own risk before trading.
NASDAQ:NVDA
by BullBearInsights
Trend Reversal (Drummond Geometry)Trend Reversal 🔄 Spot and trade sharp market reversals using Drummond Geometry. 1. What It Is A trend reversal is a sharp, sudden change in market direction. Defined as 3 consecutive closes on one side of the PL Dot immediately following a trend in the opposite direction. Can also occur from congestion , so always be open to reversal setups First image shows the congestion entrance bar Second image shows the bars that have a close on the same side of the PLdot, thus confirming a a trend-up Third image shows the immediate shift (reversal) And finally the trend down 2. Market Context The market alternates between trend runs and congestion . Bars are categorized as: Trend bars : 3 closes on the same side of the PL Dot. Congestion entrance : A close on the opposite side of the PL Dot after a trend. Congestion action : Oscillations back and forth across the PL Dot. Congestion exit : Trend emerging from congestion. 3. Signs of a Trend Reversal PL Dot pulls back into bar range. A 5-9, 5-2, 5-1, or 6-1 line appears in the preceding bar. Resistance/support against the old trend holds; levels in the new trend direction break. The original block level may be violated (not mandatory). 4. The Cornerline A diagonal line linking the isolated high/low of congestion entrance with the trend reversal bar . It’s the bar that confirms a sharp directional shift. Specifically, it’s the first bar to close on the opposite side of the PL Dot after a trend, followed by two more bars closing on that side (making the full reversal pattern). It often violates the original block level from the previous trend (though that’s not required). This bar is linked with the congestion entrance bar via the cornerline—a key diagonal that helps confirm if the reversal has real strength. So, think of it as the pivot bar that kicks off the new trend, showing that momentum has flipped hard enough to change market structure. Rarely broken in a true reversal. High-energy reversals influence all following congestion structure. 5. Anticipation Tips Watch focus time period (FTP) within higher time period (HTP) envelopes. Daily reversals often align with: Daily congestion entrance signs. Monthly cycles or c-waves pushing weekly structure. PL Dot pressure at higher levels. 📌 Trader’s Edge: Trend reversals are fast, decisive moves often starting from strong HTP energy zones. Look for PL Dot pullbacks, strong block levels, and cornerlines to confirm. Once validated, they can define the next major swing or cycle.
NASDAQ:NVDA
by JordanMT
Nvidia - the bigger pictureNVIDIA is in a short-term correction within a healthy long-term uptrend In the short term, NVDA is undergoing a healthy correction, pulling back toward the $150 area—a level close to July’s low. Such a retracement is well within normal bounds and may offer an attractive entry point for those bullish on the stock’s longer-term trajectory. Looking at the medium and long term, the technical and fundamental picture remains firmly bullish. The stock is still riding a strong uptrend supported by its leadership in AI, solid earnings, and innovation-driven growth. Critically, if NVDA closes a weekly candle decisively below $150 (i.e., below the July low), it would no longer fall into the "healthy correction" category and could signal a deeper technical shift—one that warrants increased vigilance. Why this makes sense: Healthy pullback zone: The $150–July low area represents a typical retracement level, likely serving as support before a continued climb higher. Long-term strength remains intact: Broad trend dynamics and fundamentals are still supportive of further upside Weekly close below $150 is key: Only a breakdown on the weekly timeframe would prompt a reassessment of the trend’s integrity. What I’m Watching Next: Break Above $173 A daily candle closing above $173 resistance would serve as a trend continuation signal, suggesting renewed bullish momentum and likely reopening the move higher toward previous highs. Breakdown Below $165 Conversely, a close under $165 would most likely extend the correction toward $150, marking a deeper retracement into the support area.
NASDAQ:NVDA
by DK_Investment
NVDA: The AI Market’s Early Warning System🚨 NVDA: The AI Market’s Early Warning System Summary : NVIDIA just shook the market a little. When NVDA moves, the whole AI sector reacts. Here’s why the levels on the chart matter, and how I’m playing it. Idea : NVIDIA is not just another stock, it’s the heartbeat of the AI trade. When it shows weakness, the entire sector gets nervous. The marked zone on the chart can work as a first entry , while the blue support below is a stronger area if price dips further. But here’s the risk : losing those levels would put NVDA in trouble, and that’s when AI stocks across the board could follow. Why does NVDA matter so much? • It’s the leader of the AI narrative. • Its valuation is sky-high, which means expectations are huge. • Competition is catching up (AMD, Intel, even custom chips from big tech). So, do we stay long? Yes, trend is still bullish, just like with Bitcoin. But that doesn’t mean we go all in. Better to stay long with caution, clear stop levels, and exit plans ready. Conclusion : NVDA is basically the canary in the coal mine for AI. If it keeps flying, the sector stays strong. If it falls, the warning is clear. Trade it with respect!!
NASDAQ:NVDALong
by TopChartPatterns
7
NVDA is Near it's TopHello I am the Cafe Trader. Today we’re looking at NVDA. This is the first time I’ve shared a Fibonacci study with you. The way I’ve mapped it is simple — start from the beginning of the bull run, and anchor it to the 61.8% retracement of the pullback. From this we can calculate where tops are typically found. (I stumbled upon this method trading with another trader who only used Fib's. I pointed this out to him, and we both got quiet...) As of now, NVDA Is nearing the top of a channel, and close to the top of our FIB Extension. This is where rallies tend to stall, and the reaction here will determine if this becomes a temporary pause or a full reversal (unlikely). Red Scenario If we get rejection in this zone, NVDA could pull back into the demand area around 164–170. That’s the level where I’d expect buyers to step back in. Longer term, I see NVDA as still bullish, but needing to cool down in the short term. Adding at 164 can be an aggressive way to continue to stack your long term. Thanks for reading, as always Happy Trading! @thecafetrader
NASDAQ:NVDAShort
by thecafetrader
1
Clear downtrend $NVDA! It's only the largest company in the world and holds about 8% of the entire US stock market! Nothing to worry about that it's break key technical indicators and showing a clear downtrend. Again, it's probably nothing that it's overvalued and has a very concentration of 2-3 customers that make-up most of their revenue. The UltraShort signal supports this. Remember that September it typically a bad month for the market and really bad things happen! When in doubt, sell and stay cash friendly! You don't want to be holding a bag and praying that things go up. Hope is NOT a strategy!
NASDAQ:NVDAShort
by antonini2002
Labor Market vs. Inflation Risks: What Traders Should WatchCME_MINI:NQ1! CME_MINI:ES1! CME_MINI:MNQ1! CME_MINI:MES1! CBOT_MINI:YM1! CBOT:ZN1! CBOT:ZB1! ECONOMICS:USNFP The stock market is currently holding near all-time highs. Today, the BLS (Bureau of Labor Statistics) report, which includes the NFP (non-farm payrolls), will be released at 7:30 am CT. Market participants are closely watching the non-farm payrolls, with the forecast at 75K, as well as any prior revisions to earlier NFP numbers. The unemployment rate is expected at 4.3%, a slight increase of 0.1%. Looking ahead, upcoming key events include inflation data and the September FOMC rate decision: • Aug PPI (Sep 10): A gauge of upstream price pressures. Hot numbers would signal renewed inflation risks. • Aug CPI & Core CPI (Sep 11): Critical headline data. A softer print would support the dovish case. • Fed Decision (Sep 17): This meeting comes after the Aug NFP data release (Sep 5). While there is broad optimism and euphoria in the market, we remain cautious based on our analysis of major futures indexes. Traders should be mindful of signals that could point to a pullback. Our reasoning: Markets are currently pricing in two 25 bps cuts for the September and October FOMC meetings, which would bring the target rate down to 3.75%–4.00%. Additionally, markets are now pricing in four 25 bps cuts in 2026. Prior to the Jackson Hole meeting and recent Fed-related developments, expectations were for three cuts in 2025 and two cuts in 2026. Does this imply that the effective tariff rate is benign? Is inflation expected to fall, or does this suggest that the Fed is willing to tolerate average inflation in the 2.5%–3.0% range? The upcoming Fed meeting is likely to emphasize risks to the labor market, while downplaying inflation risks, highlighting the tradeoff within the Fed’s dual mandate. Other considerations: Seasonal and cyclical flows also suggest that equity indexes tend to underperform in September and October on average. Risk-Monitoring Framework: Signs of a Pullback Given the deteriorating macro backdrop, further steepening of the yield curve, persistently high long-end yields, and the heavy concentration of stock market capitalization in the Mag 9 stocks, it is critical to monitor: 1. Rates & Yield Curve • 2s10s & 5s30s steepening: Excess steepening with long-end yields above 4.5% would tighten financial conditions. • SOFR futures spreads: Divergence vs. FOMC guidance can signal rate-path misalignment. 2. Labor Market Signals • NFP revisions: Downward revisions of >50K would reinforce labor weakness. • Unemployment rate: Sustained above 4.3% could mark a turning point for the Fed’s labor mandate. 3. Inflation Data • PPI upside surprises: A risk that supply-side shocks re-ignite inflationary pressures. • CPI/Core CPI stickiness: Core >3.1% YoY would challenge the market’s dovish pricing. 4. Equity Market Internals • Mag 9 leadership: Watch for relative weakness in NVDA, AAPL, MSFT, AMZN, META, TSLA, GOOG, AVGO, and BRK.A. • Breadth indicators: Advance/decline line and % of S&P 500 above 200-day MA. Narrowing breadth = fragility. • Volatility (VIX): A spike above 20 would indicate stress returning to equity risk sentiment. 5. Cross-Asset Indicators • Credit spreads (IG & HY): Widening signals stress in funding markets. • USD & Commodities: Rising USD and higher energy prices would tighten global liquidity. Conclusion While optimism remains strong, we caution that macro deterioration, yield curve dynamics, and concentrated equity leadership create fragility. Pullback risks rise if: • NFP disappoints sharply, • inflation re-accelerates, or • outperformance in the Mag 9 begins to roll over. Traders should monitor these risk indicators closely, as they often precede market drawdowns in September–October.
NASDAQ:NVDA
by EdgeClear
Certainly Uncertain - How Much Confirmation Do You Need?So ... you have what looks like a set up. "Just one more bar" "Just wait for the close" "Wait for this indicator to align" "Watch for the next to align" "Ensure this filter shows ‘green lights go’" But by the time everything lines up The move has gone. The horse has bolted You fumble to enter - all fingers and thumbs You ‘feel’ like you’re chasing Perhaps the moment has passed. Flummoxed - you wonder - what the heck happened here? Feel familiar? The search for absolute certainty shows up in subtle ways: Emotions: Anxiety builds. A conflict between wanting to act and restraining the impulse. Applying self control with will … but the body and mind unsettled. Thoughts: Endless “what if” scenarios. What if I miss it. What if it goes without me What if I just try and get ahead of this at a better price Physical Cues: Tension rises in the body showing up as a hand hovering over the mouse, heart rate climbing - eyes fixated on the screens, backside glued to the seat (for fear of missing it). If you’ve ever experienced this, you may recognise it as feeling cautious or disciplined. In the pursuit of being disciplined and true to your rules you feel out of alignment and hesitant. Markets are uncertain by nature. If we choose to engage with uncertainty, then surely the job is to create a sense of certainty within ourselves. The question is how do you do this currently? A coping mechanism that might help: Breathe. Centering your breath is one of the most under rated and effective ways to calm ones nervous system. Reframe your entry as a probability, not a verdict. Before you click, remind yourself: This trade doesn’t have to be certain, it just has to meet my criteria. Then execute and let the outcome be data - not proof of your worth. Adopt the mantra… ‘ This is one trade in a 1000’ Cultivate the state of certainty in uncertain environments one trade at a time.
NASDAQ:NVDAEducation
by soda8888
12
Checking for support near 171.26 Hello, traders! Follow me to get the latest information quickly. Have a great day! ------------------------------------- (NVDA 1M chart) The basic trading strategy is to buy in the DOM(-60) ~ HA-Low range and sell in the HA-High ~ DOM(60) range. However, if the price rises from the HA-High to DOM(60) range, a step-like uptrend is likely, while if it falls from the DOM(-60) to HA-Low range, a step-like downtrend is likely. Therefore, the basic trading strategy should be a segmented trading strategy. - Looking at the current 1M chart, the HA-High to DOM(60) range is 121.80-138.23. Therefore, if the price holds above 121.80-138.23, the step-like uptrend is likely to continue. The left Fibonacci ratio was drawn in the first wave, and the key is whether the price can rise above 3.618 (181.85) and hold. The right Fibonacci ratio was drawn in the second wave, and the key is whether the price can rise above 1 (198.88). Therefore, the key question is whether the price can break above the 181.85-198.88 range. If the price fails to rise, 1st: 152.89 2nd: 121.80-138.23 We need to check for support near the 1st and 2nd levels above. - (1D chart) The HA-High ~ DOM(60) range on the 1D chart is 180.76-182.70. Therefore, for a stepwise uptrend to begin, the price must rise above 180.76-182.70 and maintain its position. The 171.26 level is the HA-High indicator level on the 1W chart. Therefore, the key question is whether support is found near 171.26. If it falls below 171.26, it is likely to decline until it meets the M-Signal indicator on the 1W chart. At this point, the key is whether it can find support near 152.89, the Fibonacci 3 level (157.76) to the left. If it falls below the M-Signal indicator on the 1W chart, there is a possibility of a downtrend, so you should consider a response plan. ------------------------------------------------ If this is your first time hearing this explanation, you may not understand what I'm talking about. The important thing is that the DOM(-60) and HA-Low indicators indicate lows, while the DOM(60) and HA-High indicators indicate highs. Therefore, buys should be made near the DOM(-60) and HA-Low indicators, and sells should be made near the DOM(60) and HA-High indicators. To interpret charts from a long-term perspective, you need to check the positions of the DOM(-60), HA-Low, HA-High, and DOM(60) indicators on the 1M chart. The 1W chart is interpreted from a medium- to long-term perspective, while the 1D chart is interpreted from a short-term perspective. In the stock market, price fluctuations are often driven by issues other than the chart itself, so it's important to always be aware of volatility. Even so, since volatility ultimately occurs after the chart is created, it's best to analyze the chart first and then examine other issues. Otherwise, you'll likely end up creating a trading strategy that heavily reflects your own subjective opinions. - Thank you for reading to the end. I wish you successful trading. --------------------------------------------------
NASDAQ:NVDA
by readCrypto
1
Nvidia at a Crossroads – Support or Steeper Decline?Nvidia shares have fallen by about 6% since the company reported results on 27 August. The stock has now reached an important inflection point, trading in a range between $165 and $170, which is a major area of technical support. If this support is broken, it could see the shares slip towards $150 — a further decline of around 12% from their price of roughly $171 on 2 September. The zone between $165 and $170 has acted as a support region on a few occasions since the gap higher on 15 July. That gap, however, was filled on 22 July, and it is possible that support at $165 has now been exhausted. This would mean that a retest of $165 could lead to the shares falling to their next support level, which is at the previous highs of $150. We have also seen a change in trend for Nvidia, with the stock now trading below a trend line that has been in place since early May. It is also trading below its 20-day moving average, which has started to turn lower. The relative strength index (RSI) confirms this change in trend, as it has also been trending lower. The RSI formed a bearish divergence in late July after climbing above 70, a point at which the RSI began making lower highs while the share price continued to make higher highs. If the stock is able to maintain support between $165 and $170, climb back above the 20-day moving average, and, more importantly, break the downtrend in the RSI, then it is possible that Nvidia could withstand this move lower and contain its losses, with an attempt to make another push towards all-time highs. Outside of that, the road ahead for Nvidia looks challenging. Written by Michael J. Kramer, founder of Mott Capital Management. Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
NASDAQ:NVDA
by cmcmarkets
NVDA $182 Weekly CALL Setup – Cheap Premium, Big Upside? # 🚀 NVDA Weekly Options Trade Idea (2025-09-03) ### 📊 Multi-Model Recap * **Daily RSI**: 📉 34.3 (weak) * **Weekly RSI**: 🔻 73.2 (falling) * **Volume**: +1.3x → institutional distribution signs * **Options Flow**: 🔥 C/P = 1.96 (bullish skew) * **Gamma/Theta**: ⚡ High risk (2 DTE) 👉 Models Split: * 🐻 Bearish: Claude, Gemini → favor \$165 PUT * 🐂 Bullish: Llama, Grok → favor \$175 CALL * 😶 Neutral/No Trade: Claude (low confidence) --- ### 🧭 Consensus Read * Price & volume = bearish ⚠️ * Options flow & VIX = bullish 📈 * Net: **Mixed bias → tactical bullish bounce possible** --- ### ✅ Trade Setup (Viral Play) ```json { "instrument": "NVDA", "direction": "CALL", "strike": 175, "expiry": "2025-09-05", "entry_price": 0.68, "profit_target": 1.36, "stop_loss": 0.34, "size": 1, "confidence": 0.65, "entry_timing": "market open" } ``` --- ### 🎯 Trade Details * 📌 **Strike**: \$182 CALL * 💵 **Entry**: 0.68 (ask, open) * 🎯 **Target**: 1.36 (+100%) * 🛑 **Stop**: 0.34 (-50%) * 📅 **Expiry**: Sep 5 (2 DTE) * 📈 **Confidence**: 65% * ⏰ **Hold Policy**: Close by Thu EOD (don’t ride Friday gamma bomb) --- ⚠️ **Risks**: * 2 DTE = 🔥 high gamma / fast theta decay * Divergent signals → whipsaws possible * Tight stop discipline required 🚨
NASDAQ:NVDALong
by quantsignals
NVDA is going down for a while ...NVDA is continuing downward. I have the target as being around middle of October or later. I used the Heikin Ashi candles: 1: They show more of a directional movement. 2: They tend to filter out the market noise, so you can see the direction better. 3: it reduces false signals, allowing you to stay in the trade longer. 4: And it also gives a smoother appearance making it easier to see the trends and reversals. My stops are: 1) the high of the previous Heikin Ashi candlestick, 2) 2 green Heikin Ashi candlesticks, 3) a specific dollar amount for a total loss for my trade or 4) a specific dollar amount per contract. If it hits one of those stops, I am out of my trade. Typically, I would wait until there are 2 red daily Heikin Ashi candlesticks before entering which it has shown as of today. I use the MacD, the Stock RSI and the DMI to assist me with the direction of the market. I am not perfect at them. I personally find: * the 5 minute indicators typically represents what will happen in the next half and hour. * the 10 minute indicators typically represents what will happen in the next hour. * the 30 minute indicators typically represents what will happen in the daily. * and, the hour indicators typically represents what will happen in the next week. If you look at the weekly indicators, they are bearish already which shows a longer term directional movement. Trade at your own risk, make sure you have stops in place and only use 10% of your trading account, so that if you are wrong, you will not blow up your account. Happy trading!
NASDAQ:NVDA
by Princessgirl