Next real support for NVDA is around 92

2 thg 8, 2024

Short term trend is DN with angle 2 now approaching UP angles 2-3.
We have RED TrapZone and RED UMVD with RED BAR. That means there is no Buy signals for some time.

If you are tempted to Buy, just look to the LEFT when the TrapZone was GREEN and Trap Bars were GREEN with GREEN UMVD - That is how Buy environment looks like.

GREEN UMVD will show that buyers are starting to come in. What do you think ?

5 thg 8, 2024

Ghi chú

Today, 96/ Angle 2 UP will play support. Lets see if we will break to 92 this week.

5 thg 8, 2024

Ghi chú

We hit the Target, lets see the support holds. we may retest it later

5 thg 8, 2024

Ghi chú

Angle 3DN formed now. 96.70 should offer support at previous Angle 2UP

6 thg 8, 2024

Ghi chú

We are back in the Red TrapZone, I would look for first GREEN BAR to re enter short - that where the Trap is going to be. Don't take my word for it, look at any trend and look for opposite colored TrapBars in the TrapZone!

6 thg 8, 2024

Ghi chú

Just look at the price action on 31st/1st in the chart above.

7 thg 8, 2024

Ghi chú

Going back to 92