NVIDIAShort
NVDA | Distribution Pattern to $97
Follow up to the rising wedge pattern
After seeing price bounce off of trendline support 4 times then to finally breakout we could see the next moves sell off towards the discount zone
To add more confluence to this setup we're looking at the difference between price and indication and it's signaling a selloff based on divergence and the medium blue signal re-entering the 80/20 channel forecast bearish momentum stepping into play
I'm eyeing targets around $97 and the possibility of seeing movement back towards major resistance ($152) to re-confirm price structure for any further selling beyond $97
Stay posted for any major updates on price action.
After seeing price bounce off of trendline support 4 times then to finally breakout we could see the next moves sell off towards the discount zone
To add more confluence to this setup we're looking at the difference between price and indication and it's signaling a selloff based on divergence and the medium blue signal re-entering the 80/20 channel forecast bearish momentum stepping into play
I'm eyeing targets around $97 and the possibility of seeing movement back towards major resistance ($152) to re-confirm price structure for any further selling beyond $97
Stay posted for any major updates on price action.
NathanAL
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
NathanAL
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.