Simple gap fill setup
Pro-
-50 psych above magnet
-gap resistance tested multiple times
-Indicators for RSI and Relative strength vs SPY are all flashing here for me
-good consolidation since last year and VRVP sitting under us now
Con-
-Market overall extended so might get Pull back
Entry/Exit-
-Entered full size in anticipation so RR is better but keeping stops at near VRVP
-Targets are 50 / 50.90 / 53.67 / 56.79(complete gap fill last target)
-Easy 2R Plus trade
Contingency plan-
If tomorrow
NVDA gives a giant reversal then cutting as the 1hr TF 50ema breaks.
Overall nice setup - market still holding strength and until trend is broken I will be happy dip buyer than a top chaser
Pro-
-50 psych above magnet
-gap resistance tested multiple times
-Indicators for RSI and Relative strength vs SPY are all flashing here for me
-good consolidation since last year and VRVP sitting under us now
Con-
-Market overall extended so might get Pull back
Entry/Exit-
-Entered full size in anticipation so RR is better but keeping stops at near VRVP
-Targets are 50 / 50.90 / 53.67 / 56.79(complete gap fill last target)
-Easy 2R Plus trade
Contingency plan-
If tomorrow
NVDA gives a giant reversal then cutting as the 1hr TF 50ema breaks.Overall nice setup - market still holding strength and until trend is broken I will be happy dip buyer than a top chaser
Nota
Lol sometimes you can be really lucky !! tomorrow will scale out further and update. Trade chiuso: obiettivo raggiunto
Targets reached, leaving 10% runners to cut if 8 ema breaks
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.