NVIDIAUpdated NVDA/AMZN Case for tech
Both broke well defined OBV uptrends. Now snapping back. But im waiting to put on new positions until i know for sure we will just continue the uptrend and it not just be some snap back into resistance. Will need new buying pressure to overcome the levls lost. Im fine with paying a price premium for a higher quality set up and not just to be trapped into a position into resistance.
Note
Looking at the OBV definitely allowed us to stay out and see that there was more downside. Snap back failed at resistance and now heading lower.Note
winning
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.