For the fun of it, here are some necklines (by no means all) from H&S (fuscia) or Inverse H&S (green / yellow current) that may still affect direction / velocity.
NVDA loves them, and current price is poised at highest POC (most volume for the price level). So breakout (up or down) is imminent!
So which of those necklines will win out? Needs a spike in volume...
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....
