I have been trading NVDA intraday on multiple occasions this month.
It has been very liquid and the setups have been pretty clean.
There are two pivots from the history of the chart some time ago which are now coming into play.
We know they are in play because they became resistance as part of the first bounce in the Corona selloff
(at the time of the first bounce in the Corona selloff, those two pivots far left on the chart were the best pivots traders would identify to trade around).
We are now approaching them from the underside and starting to clear and possibly remount. This upcoming April 20th week will be very telling of if we will remount or overshoot and pull back in.
I will be looking for intraday setups forming around these inflection points for some solid risk/reward trading!
Thank you to the trading community for taking the time to review my perspective on this chart and allowing me to share.
Be well!
xeenos trading
It has been very liquid and the setups have been pretty clean.
There are two pivots from the history of the chart some time ago which are now coming into play.
We know they are in play because they became resistance as part of the first bounce in the Corona selloff
(at the time of the first bounce in the Corona selloff, those two pivots far left on the chart were the best pivots traders would identify to trade around).
We are now approaching them from the underside and starting to clear and possibly remount. This upcoming April 20th week will be very telling of if we will remount or overshoot and pull back in.
I will be looking for intraday setups forming around these inflection points for some solid risk/reward trading!
Thank you to the trading community for taking the time to review my perspective on this chart and allowing me to share.
Be well!
xeenos trading