Yes, NVDA is stretched.
Price got so pumped with all the AI (fake?) news that it looks now like a Pump & Dump pattern.
However, it's not a reason to play Lotto.
We better wait for facts.
What are the actual facts in the eyes of a TA?
a) Pendulum Swings give context
b) the daily chart reveals where price has a high potential to turn sour. It's when price is opening within the Pitchfork, where we will short it and ride down to the Center Line.
c) RSI gives context about a strong divergence and underpins the story.
So, no no need to rush here.
And if we miss it?
Then there's always another trade §8-)
Price got so pumped with all the AI (fake?) news that it looks now like a Pump & Dump pattern.
However, it's not a reason to play Lotto.
We better wait for facts.
What are the actual facts in the eyes of a TA?
a) Pendulum Swings give context
b) the daily chart reveals where price has a high potential to turn sour. It's when price is opening within the Pitchfork, where we will short it and ride down to the Center Line.
c) RSI gives context about a strong divergence and underpins the story.
So, no no need to rush here.
And if we miss it?
Then there's always another trade §8-)
🔱 FOLLOW & BOOST ME 🔱
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✅ Earn while learning
✅ Wins & losses go hand in hand
🔱 Free E-Book: howtochart.com/forktradingblueprint
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👉 Web: HowToChart.com
✅ Learn to make money
✅ Earn while learning
✅ Wins & losses go hand in hand
🔱 Free E-Book: howtochart.com/forktradingblueprint
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
🔱 FOLLOW & BOOST ME 🔱
✅ Learn to make money
✅ Earn while learning
✅ Wins & losses go hand in hand
🔱 Free E-Book: howtochart.com/forktradingblueprint
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
✅ Learn to make money
✅ Earn while learning
✅ Wins & losses go hand in hand
🔱 Free E-Book: howtochart.com/forktradingblueprint
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.