Different way of charting levels - Price may come back down to test level it broke, but so far it looks like it's on its way to the higher target(s)
This can be used in smaller time frames as well -
This technique pans out more often than not and is easy to chart with the tradingview tools.
This technique pans out more often than not and is easy to chart with the tradingview tools.
This technique pans out more often than not and is easy to chart with the tradingview tools.
Detailed out the underlying thought process because it always helped me when others did that. As always, any errors you can point out in the application of this process are appreciated. Please do not take this as a short term trade recommendation!
Trying to plot the elliot wave + fib If I made an error in the stuff that already occurred can someone point it out? oscillator is chande - impressed by it :P
Divergence squeeze, looking for break of trendlines --
Bollinger Band squeeze / divergence - looking for break of trend lines
For the fun of it, here are some necklines (by no means all) from H&S (fuscia) or Inverse H&S (green / yellow current) that may still affect direction / velocity. NVDA loves them, and current price is poised at highest POC (most volume for the price level). So breakout (up or down) is imminent! So which of those necklines will win out? Needs a spike in volume...
Inverse H&S - target should be 145ish
As far as I can tell, very probable strong down impulse if it breaks from the current flag. Please point out if I'm missing something indicating the contrary!
Looking for feedback on why this would be a wrong interpretation!