Based off fibextensions a key way to call a potential top is a full extension move.
4.236 usually in 90% of times can call a top of a big parobolic move.
If you look at BTC for example to draw a fib exnesntion of a high of sideways channel to low of the channel it gave us a 73k 4.236 extension which exactly topped it to A T
Now on NVdA of course this would of been excellent to run a while back when we broke 188 but don’t we always wish we could of done this. At some point I wil master it…
Anyways nvda had a range from 188.60 to a low of 108.82
If we put a fib from high to low of that channel this gives us an extension moveX
Off of this alone this leads NVDa to a 441.23 4.236 extension.
Will this be the exact top of NVdA?!?
Obvisouly don’t bet your life on this. I will 10000% be attempting this idea of a 3 month out 441 put as an idea.
Do your own TA. Not investment advice and only bet what your willing lose/ put a stoploss on whatever ammount your ok with losing after getting filled. I will risk about 150$ on this trade. If we break above 444 I will probably say I am wrong and wait for a differnt chance or when the story isn’t as hot.
Jumping in front of a moving trade is very very risky as well as calling tops. I am willing to risk 150$ Howver to test this theory !! Good luck I’ll be waiting for my 441-440 entry
4.236 usually in 90% of times can call a top of a big parobolic move.
If you look at BTC for example to draw a fib exnesntion of a high of sideways channel to low of the channel it gave us a 73k 4.236 extension which exactly topped it to A T
Now on NVdA of course this would of been excellent to run a while back when we broke 188 but don’t we always wish we could of done this. At some point I wil master it…
Anyways nvda had a range from 188.60 to a low of 108.82
If we put a fib from high to low of that channel this gives us an extension moveX
Off of this alone this leads NVDa to a 441.23 4.236 extension.
Will this be the exact top of NVdA?!?
Obvisouly don’t bet your life on this. I will 10000% be attempting this idea of a 3 month out 441 put as an idea.
Do your own TA. Not investment advice and only bet what your willing lose/ put a stoploss on whatever ammount your ok with losing after getting filled. I will risk about 150$ on this trade. If we break above 444 I will probably say I am wrong and wait for a differnt chance or when the story isn’t as hot.
Jumping in front of a moving trade is very very risky as well as calling tops. I am willing to risk 150$ Howver to test this theory !! Good luck I’ll be waiting for my 441-440 entry