Here is my short term theory in NVDA. NVDA could reach 485 as the first target and 500 as the second target. This is supported by the following confirmations: 1- A double bottom pattern in demand zone. 2- An inverse head and shoulders formations 3- the hourly candle closed above the point of control (POC) on volume-range volume profile (VRVP) 4- A...
The confirmation: 1-Third touch on trendline from ATH ( all time high ) 2- Resistance on weekly chart 3- 200MA on daily chart 4- 50MA on weekly chart 5- 61.80% on Fib retracement 6- On the edge on Bollinger Bands 7- POC on VRVP 8- Overbought on RSI MORE CONFIRMATION MORE HIGH PROBABILITY SETUP
Multiple confirmation for short QQQ: 1- weekly trendline 2- weekly resistance 3- Monthly (8 EMA) 4- 38.20% on FIB Retracement 5- POC on VRVP 6- Price up + Volume down = unhealthy uptrend ( there is no strong buyers to broke this level )
1: TOUCH THE RED TREND LINE 2: THE GAP HAS TO FILL 3: OVER BOUGHT 4: THE VOLUME DIS DECREASE