NVDA Analysis - Continuous, Just as the Markets !

Updated

This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

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1-18-2024
GREEN UMVD pushing the price UP with a strong Green TrapZone.

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Hourly is strong as well. GREEN BARS Above GREEN TrapZone with GREEN UMVD.
All aboard !!

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DAily - All green - BUT THE GAP between Price and The Top of the TrapZone is Typical for a retrace.
So keep an eye on UMVD in lower timeframes.

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Little RED UMVD causes the pause. Strong GREEN TrapZone

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GREEN UMVD Pushed the prices higher into the close.

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GREEN UMVD took Pries higher, Retraced with RED UMVD after divergence.

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Hourly Check In - GRAY Bars over GREEN TrapZone means lack of upside momentum.

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Latest Intraday

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Latest Intraday -

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Side By Side Analysis - Selling has no effect on this massive Bull Run, Keep an eye on the short term Renko TrapZone

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Reminds me of TSLA going towards 1000 :)

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Class A Entry with nice clean Trend on the Renko !

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We had ample warning for the Retrace via UMVD. Now the Trend has resumed. I am thinking $1000 - why not ?
Keep an eye on the bar colors and UMVD changes for exits!

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Hourly Technical Analysis Check In
Long term UP Trend angle 6 broken with RED UMVD and Next support area is 834. If that breaks we may reach angle 5 next for support.

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