Today we will analyze the current situation of NVDA
-We can see a Massive consolidation that started in September 2020 to Date (160 days)
-From a Technical perspective we can consider it as a Flat Triangle
-The way of trading this structure is waiting for the breakout above it (that's the signal that the pattern is active) where we have the green line
-Stop-loss can be set below the whole structure
-We can use Fibo Extenssions to define the possible target or we can use the higher trendline of the ascending channel (In this case we have a convergence between those levels)
-First fibo extension will be the level we will use to protect our position (risk-free) and we will aim to close our setup on the 2nd fibo extension
-Take into consideration that this type of movements may take 3 to 6 months to be completed (patience is key in this discipline)
-We can see a Massive consolidation that started in September 2020 to Date (160 days)
-From a Technical perspective we can consider it as a Flat Triangle
-The way of trading this structure is waiting for the breakout above it (that's the signal that the pattern is active) where we have the green line
-Stop-loss can be set below the whole structure
-We can use Fibo Extenssions to define the possible target or we can use the higher trendline of the ascending channel (In this case we have a convergence between those levels)
-First fibo extension will be the level we will use to protect our position (risk-free) and we will aim to close our setup on the 2nd fibo extension
-Take into consideration that this type of movements may take 3 to 6 months to be completed (patience is key in this discipline)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.