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NVDA Price Action Update: Key Levels To Watch
NVDA is cooked if it cannot reclaim the key levels overhead. Price is currently testing 178 and this area is critical for determining whether buyers still have any momentum left.
To flip this structure back upward, NVDA needs an impulse through 178 and then 184. Anything that retraces in a choppy or corrective manner within the impulsive range from 195 is suspect and suggests continuation lower.
If buyers fail to generate an impulsive move from here, the downside levels below come back into play. Seller control increases with every failed retest and every weak bounce.
This is a simple structure play. Impulsive strength is required to shift control. Corrective behavior keeps the door open for further decline.
Trade safe and trade clarity.
NVDA Price Action Update: Key Levels To Watch
NVDA is cooked if it cannot reclaim the key levels overhead. Price is currently testing 178 and this area is critical for determining whether buyers still have any momentum left.
To flip this structure back upward, NVDA needs an impulse through 178 and then 184. Anything that retraces in a choppy or corrective manner within the impulsive range from 195 is suspect and suggests continuation lower.
If buyers fail to generate an impulsive move from here, the downside levels below come back into play. Seller control increases with every failed retest and every weak bounce.
This is a simple structure play. Impulsive strength is required to shift control. Corrective behavior keeps the door open for further decline.
Trade safe and trade clarity.
More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
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.
More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
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.