This is for any gambling men out there... I see structures... My 6th Sense...
Fib levels are targets and support...
I think this idea/chart speaks for itself.
NASDAQ:NVDA puts feel cheap right now.
This is a CHEAP IDEA , not high prob like I try with a lot of my posts...
The stock is completing wave v of (c) of a higher degree C. I'm anticipating price to drop further to fill the gap that was created in the $700 range. Here, we'll be preparing to buy.
As I look at the price action of this stock, and the chart in particular, I currently see two things in April 2024; one is double top over 4-5 sessions, which could cause an imminent drop to mid 700s and beyond, the second is the lunge to 758 a very key area of resistance that was support which could push this to the next leg. As earnings approach, this could...
Details in the Chart!
NVDA have 2 potential Setups:
1. A Bearish H&S Pattern: Price broke down the neckline , retested the neckline and now heading down to potentially complete the H&S Pattern
2. A fill the Gap setup. The Gap fill will be completed in the zone marked with green rectangular box
Both setup indicating a bearish movement toward 750-660 Zone.
This idea is based on the need for price to close a gap i.e. GAP UPFILL.
On the 1-hour time frame, Nvidia posted a gap on the 24 th Feb 2024. This gap spans
$680-$740 and remains unfilled.
Price topped at $975 on 9th March 2024, and then went into a distribution consolidation.
In April 2024 we have seen a break and retest of this consolidation.
This idea...
Gann says we're probably due for a major pullback on nvda. Could see a move down to around 700 in the coming weeks or months. Wait for a test of pivot highs then short
The bearish engulfing candle in NASDAQ:NVDA just below an intra-day neckline support turned resistance as we head into weekly and monthly option expiries does not bore well for folks who are long stock or short volatility.
04/24/2024
MACD clearly shows bearish momentum , wider lines
RSI not over sold
price action : Resistance at 50 day MA and bearish downside reversal
candle stick pattern: Bearish Engulfing
Sell 800 , target 760
On April 24, 2024, Wednesday, the price failed to close above the minor level of $830.40, resulting in a bearish engulfing bar compared to the Tuesday bar formed on April 23, 2024. Looking at my price chart, it's clear that the $830.40 minor structure is crucial for determining buyer sentiment towards this stock. As long as the price of NVDA trades below $830.40,...
Interest rate sensitive Nasdaq composite index off from its 5 monthly gaining streak marked by strong economy projections reneging expected rate cut in June FOMC meeting. NASDAQ:NVDA and its peers from Semiconductor industry overall are continuing to follow market downtrend.
NVDA is neutral on its 1D technical outlook (RSI = 45.860, MACD = -7.940, ADX = 34.317) as it corrected to a respectable extent, a correction that we have been expected as pointed out on our latest idea. The Channel Up is intact, the price crossed under the 1D MA50 and like the September-October correction, it may consolidate until it catches up with the 1D MA100....
Traders,
As stated in my video on Sunday, all charts/indexes that we have been tracking and utilizing as leads for our crypto price predictions are still right on track.
A quick review (left to right) shows:
- The dollar has found support and, if my overall thesis is correct, could bounce here and travel up to that 107 target before dropping from our bearish...
NVDA reached the supply area between $827 and $857 today, touching my initial support level. There's a gap at the bottom awaiting filling at $743 and $689. Caution is advised, as market movements can give the impression of an upward trend only to swiftly reverse course, resembling a rollercoaster ride.
