NVIDIAShort
NVDA Trading Idea
Updated
Gday Guys. Hope everyone generate huge profit...
Let's analyse NVDA Stocks today.
Uptrend Market Structure since Mar 8,2021 created a low price at 463.18. The stock rise break previous low at 615.38(Feb 16, 2021) which creating New High at 648.12 on (April 15, 2021).
Price continue to create a Highlow at 538.72 (May 13,2021) which is unable to reach previous low that created on Mar 8, 2021 (463.18). This happen due to previous Demand Zone hard to break which is make the price move upside breaking previous high at 648.50 and price rally
bullish on the peak of 712.50 New High.
We expecting the price will be creating new HL as some correction need to be done before its continue bullish rally.
As long current price hold and not break 712.50 area, this pair still valid for some correction 625.35 Minor Demand Zone and maximum level of creating new HL at 587.74. If the price break below 587.74, we expecting price trying to reach previous LOW area.
In upside zone. If 712.50 broken, this price will continue to create new high and in return, we expecting a deep correction.
Let's see what happen next.
Let's analyse NVDA Stocks today.
Uptrend Market Structure since Mar 8,2021 created a low price at 463.18. The stock rise break previous low at 615.38(Feb 16, 2021) which creating New High at 648.12 on (April 15, 2021).
Price continue to create a Highlow at 538.72 (May 13,2021) which is unable to reach previous low that created on Mar 8, 2021 (463.18). This happen due to previous Demand Zone hard to break which is make the price move upside breaking previous high at 648.50 and price rally
bullish on the peak of 712.50 New High.
We expecting the price will be creating new HL as some correction need to be done before its continue bullish rally.
As long current price hold and not break 712.50 area, this pair still valid for some correction 625.35 Minor Demand Zone and maximum level of creating new HL at 587.74. If the price break below 587.74, we expecting price trying to reach previous LOW area.
In upside zone. If 712.50 broken, this price will continue to create new high and in return, we expecting a deep correction.
Let's see what happen next.
Trade active
Sell Pending order not triggered. Buy Pending order triggered and running positive
Trade closed: target reached
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