As I see it, over 90% of the time NVDA reaches 70+ RSI overbought level it makes a small correction. At times, this can be easy to miss, but assuming RSI is combined with other indicators/candles. This may be the basis of my strategy for big put plays moving forward. Take this with a grain of salt as I am a complete noob.
Unfortunately the chart has to be 15min to publish, but zooming in under 5-day 5 min chart, the trend is alot more obvious. I've been keeping an eye on it the last two weeks. NVDA may stay overbought for a short time but it always dips at least enough to bring a few pips from properly timed Options.
Unfortunately the chart has to be 15min to publish, but zooming in under 5-day 5 min chart, the trend is alot more obvious. I've been keeping an eye on it the last two weeks. NVDA may stay overbought for a short time but it always dips at least enough to bring a few pips from properly timed Options.