Chart Pattern Analysis Of NVDA

25 oct.

https://www.tradingview.com/x/s4NWKA6e/

Once again, the supply or demand pressure dropped to the lowest level at K4.
The following candles will choose to break up or fall down.

If the following candles successfully retest the support,
It will be a good place to buy it there.

If the following candle break up K2 immediately,
It is also valuable to buy it there.

Buy-134.88/Stop-133.6/Target-155
Buy-144.5/Stop-143.1/Target-155

29 oct.

Note

After a bearish evening star pattern of K1,
K3 is a first test to the resistance,
But K4 failed to close below K1 to verify the bearish momentum.
It is difficult to tell which side had fully controlled the market here.

If K5 starts with a bear gap below K2,
It is likely that the consolidation will expand.
Or, a short-term bear run will starts here.
If K5 starts with a bull gap upon K3,
Another bull run will starts here.
And ,it will be a good place to buy it then.

Considered the demands or supply pressure keep decreasing,
It is very likely that a big price move will come up in the following candles.

31 oct.

Note

K3 break down with a bear gap and increasing supply pressure.
It seems that the short-term consolidation is expanding.

If the following candles successfully fall back to test the support,
It will be a good place to buy it there.

Buy-130.8/Stop-128.7/Target-155

1 nov.

Note

After a bullish hammer candle of K1,
K3 close upon K1 to verify a potential bull market.
But unfortunately, K3 failed to close at high price area,
And the decreasing demands also verified a weak break up.
It is difficult to tell which side had fully controlled the market here.
It is likely that the following candles will choose to break up or fall down.

If there is a weak rebound after K3,
It will be a good place to reduce long-term positions.
And, if the following candles successfully retest the support at about 120–130USD.
It will be a good place to buy it then.

4 nov.

Note

K3 and K4 is a bearish engulfing pattern,
It verified a potential resistance.
At the same time,
K4 failed to close below K2 to start a bear run.

It seems that a large scale consolidation is possible on the way.
If the price climb up to test the resistance,
It will be a good idea to decrease long-term positions.
If the price successfully fall back to test the support,
It will be a good place to buy then.