Nvidia bounced from its 0.5 Fib retracement level and its 360degrees "Gann Dynamic Square of 9 level from its high"
It is still - in my opinion- trending upward as the trend isn't broken. An ideal stop would be placed below the daily cloud.
We are also approaching a Gann seasonal date at DEC22nd counting 21bars from the high.
Gann seasonal dates often indicate a beginning of a new cycle, coupled with the 21bars, I think that could be interpreted as a sign.
There are more in the chart so feel free to take a look at every element of it.
Enjoy and trade safe.
It is still - in my opinion- trending upward as the trend isn't broken. An ideal stop would be placed below the daily cloud.
We are also approaching a Gann seasonal date at DEC22nd counting 21bars from the high.
Gann seasonal dates often indicate a beginning of a new cycle, coupled with the 21bars, I think that could be interpreted as a sign.
There are more in the chart so feel free to take a look at every element of it.
Enjoy and trade safe.
Note
raising the stop to a bit above B/E "Break-even" to 280 seems like the wise thing to do here to guarantee a winner and forget about this trade and let it ride to targetTrade closed: target reached
Target reached, I'm out
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@Nasser_Humood
@Nasser_Humood
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.
To get access to any of my indicators feel free to contact me here or on Twitter :
@Nasser_Humood
@Nasser_Humood
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.