May see a flash crash into Monday open, but the setup is still bullish, (I mean is there any other direction?) lol.
Heikin ashi setup supports up movement, but the over-extension and broader market setup supports initial pullback. For NVDA that generally means an exaggerated panic sell followed by consolidation and bolting back up.
Its unlikely to just continue up from this point, but its not impossible. I would err on the side of waiting for pullback before trying to long it. Ideal setup here is a move right to the low targets on Monday, at least PL1 and then you know what to do ;).
Let's see what happens!
Heikin ashi setup supports up movement, but the over-extension and broader market setup supports initial pullback. For NVDA that generally means an exaggerated panic sell followed by consolidation and bolting back up.
Its unlikely to just continue up from this point, but its not impossible. I would err on the side of waiting for pullback before trying to long it. Ideal setup here is a move right to the low targets on Monday, at least PL1 and then you know what to do ;).
Let's see what happens!
Comment:
Finally snagged the high target in after hours.
Broader market is looking pretty weak, so looking for a short setup into tomorrow.
Finally snagged the high target in after hours.
Broader market is looking pretty weak, so looking for a short setup into tomorrow.
Comment:
And short setup was indeed the correct answer today!
:D Love that! haha
Good luck everyone!
:D Love that! haha
Good luck everyone!
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If you're swinging, I would wait for it to either take out the highs and then short for pullback or see if it can retrace the threshold, then long for a move back up.
I played it to the short side today, but waiting for a more definitive swing setup.