NVIDIAShort
NVDA Stock Update: Downtrend Alert!
📉 NVDA Stock Update: Downtrend Alert! 🚨
Attention traders!
As we analyze the current market structure for NVIDIA (NVDA), it's crucial to note the recent developments on the daily chart.
Key Observations:
Market Behavior Since December 20, 2024: NVDA has been in a ranging market, characterized by significant volatility.
Bearish Signal: We witnessed a huge bearish engulfing pattern, indicating strong selling pressure. This is a critical signal for traders to consider.
Break of Key Level: The recent higher high can now be defined as a Lower High (LH) as the base of the order block at $129.60 has been broken.
Expected Support Levels:
As we move forward, we anticipate the following support levels:
$124.94
$120.33
$115.78
We are particularly focused on potential accumulation within this Demand Zone. It's essential to stay vigilant and adapt your strategies accordingly!
Happy trading, and stay safe! 📊💼
Attention traders!
As we analyze the current market structure for NVIDIA (NVDA), it's crucial to note the recent developments on the daily chart.
Key Observations:
Market Behavior Since December 20, 2024: NVDA has been in a ranging market, characterized by significant volatility.
Bearish Signal: We witnessed a huge bearish engulfing pattern, indicating strong selling pressure. This is a critical signal for traders to consider.
Break of Key Level: The recent higher high can now be defined as a Lower High (LH) as the base of the order block at $129.60 has been broken.
Expected Support Levels:
As we move forward, we anticipate the following support levels:
$124.94
$120.33
$115.78
We are particularly focused on potential accumulation within this Demand Zone. It's essential to stay vigilant and adapt your strategies accordingly!
Happy trading, and stay safe! 📊💼
🔥my free signals and AI trading indicators channel telegram
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading —— Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading —— Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
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.
🔥my free signals and AI trading indicators channel telegram
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading —— Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading —— Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
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.