NVDA has formed a rising wedge on the 4hr time frame and is approaching is daily major resistance. My current short region is $170-$175 as long as we fail to close above the top resistance line in red.
Options play $170 puts 3 weeks out when top red trend line is hit or bottom support of rising wedge is broken :)
Options play $170 puts 3 weeks out when top red trend line is hit or bottom support of rising wedge is broken :)
Trade active
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NVDA about to reach upper RED trend line for SHORT :)
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NVDA rejecting from top red trend line as expected :)
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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.