NVDA - SHORT POSITION
We observe that NVIDIA stock has formed a double top pattern, indicating that the price may continue in a bearish direction in the short term.
If the price breaks the support level of the double top pattern, a short position can be taken.
The target level for the double top formation is $101.57.
However, if the price comes back up and closes above the upsloping support line on the daily timeframe, this trading idea will be invalidated, and the short position should be closed.
If the price breaks the support level of the double top pattern, a short position can be taken.
The target level for the double top formation is $101.57.
However, if the price comes back up and closes above the upsloping support line on the daily timeframe, this trading idea will be invalidated, and the short position should be closed.
Trade closed: target reached
Target reached. Congratulations
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.