Larger Degree Structure Bullish
Updated
The reason the lines are massive font is because I will be drawing in smaller degree structure after I post this. Apparently tradingview members can't handle multiple lines on a chart lol.
Lets get to it, NVDA Bullish af.
*Target 1 = 570 by early Feb 2024
**Target 2 = 590 by mid Feb 2024
***Target 3 = 660 by end of March 2024. This will be the top.
After this completes we will begin a massive corrective cycle that could take years, so I'll be selling half at 570, the remaining half at 590, and then exit completely at 660.
See my other post for near term expectation on price action (i.e. next couple weeks, also bullish).
Lets get to it, NVDA Bullish af.
*Target 1 = 570 by early Feb 2024
**Target 2 = 590 by mid Feb 2024
***Target 3 = 660 by end of March 2024. This will be the top.
After this completes we will begin a massive corrective cycle that could take years, so I'll be selling half at 570, the remaining half at 590, and then exit completely at 660.
See my other post for near term expectation on price action (i.e. next couple weeks, also bullish).
Note
and... Lift Off. I've been in calls, adding here at 494.17 underlying.Note
The dashed blue line is the strongest bullish line - it represents the average demand generated from the move from 108 to 500. Any drop will get pulled back up toward this line on the way to higher targets.Note
Ahead of schedule.Note
This can accelerate from here and follow the thick teal/light blue line directly above it. This will imply a bump to 620s this week to get in line with teal line, then continue along that line to target 3 = 660
Note
Got the expected bump to ~620s. Will follow solid lightblue (teal) line from hereNote
Playing out as expected. Stop loss going forward is break below the dashed Blue line which will now act as support while the solid teal line acts as resistance.Note
Went above and beyond expectations - up 39% (+190 points) from the time of recommendation. For those that bought calls close to the money, we're worth just under $20,000 per call.- great time to start taking profits
- DON'T short this yet lol. It still needs to complete a distribution phase in the 660-700+ range; I don't even have enough evidence yet to suggest distribution has started, but I can speculate it will take place in the coming weeks centered around earnings
- Can still go a lot higher but doesn't have to
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