NVIDIA Remains Bearish
This doesn't really look good for NVIDIA. The volume profiles in both the larger and the smaller picture look decidedly bearish. To the frustration of the bulls, there is still an untested Implied Fair Value gap (visible in the M5) at around USD 105.20, which “coincidentally” is located at the low of the Value Area of the upward movement since August 5.
For this short trade, we are initially waiting for a small retracement in the area of around USD 120.20 in order to optimize our RRR.
For this short trade, we are initially waiting for a small retracement in the area of around USD 120.20 in order to optimize our RRR.
Order cancelled
It almost hit our TP, but not our entry point. No loss, but also no win.
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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.