Nvda continued its pull back today which was over due.
Keep in mind if your a seasonal trader July is typically the pivot point for the market. (odd years)
Obviously a lot of selling today but bears please do not celebrate to early, at the moment no structure has been broken, we could continue to sell off and still be in a bullish structure so be patient if your trying to short.
I expect some kind of of rally tomorrow to fill in imbalances, if not look for support around $449 and $440.
We currently have a nice trend downward which screams liquidity but if we can get above $471 we may have a shot at a long.
$470 will pose quite a bit of resistance so watch for bearish patterns in that are. In order to get to $470 I think a gap above $460 is necessary
Follow the money good luck
Keep in mind if your a seasonal trader July is typically the pivot point for the market. (odd years)
Obviously a lot of selling today but bears please do not celebrate to early, at the moment no structure has been broken, we could continue to sell off and still be in a bullish structure so be patient if your trying to short.
I expect some kind of of rally tomorrow to fill in imbalances, if not look for support around $449 and $440.
We currently have a nice trend downward which screams liquidity but if we can get above $471 we may have a shot at a long.
$470 will pose quite a bit of resistance so watch for bearish patterns in that are. In order to get to $470 I think a gap above $460 is necessary
Follow the money good luck
Trade closed: target reached
Trade closed: target reached
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.
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.