NVDA - Price Action Analysis
In this chart we're lookin at the strength in both buyers and sellers just like the previous upload.
Except this time we zoom in a bit closer to analyze the current wave and where its heading. So far price action looks great as we head into the expansion phase once again.
Momentum shows that there are only about 10% sellers out the 100% buyers in the last rally giving you about 80% strength in buyers which equals to healthy price action coming from the bulls.
Chart 2 - Detail
A buy signal was triggered around $420 and $480
The chart shows how
- Price broke out of a brief pause and back into continuation
- The triple bottom at SnR (supply/demand) that eventually led to price breaking out past the
faint trendline.
Except this time we zoom in a bit closer to analyze the current wave and where its heading. So far price action looks great as we head into the expansion phase once again.
Momentum shows that there are only about 10% sellers out the 100% buyers in the last rally giving you about 80% strength in buyers which equals to healthy price action coming from the bulls.
Chart 2 - Detail
A buy signal was triggered around $420 and $480
The chart shows how
- Price broke out of a brief pause and back into continuation
- The triple bottom at SnR (supply/demand) that eventually led to price breaking out past the
faint trendline.
Related publications
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.