Chart Pattern Analysis of NVDA

2024年12月8日

https://www.tradingview.com/x/Okq00hCq/
K4 break up the previous high price and close upon the resistance.
It is a bull signal for the market.
But there is still a concern about the lower demands along the recent candles.
Perhaps K4 is a fake up candle.
If that is a fact,
K5 will not likely create a higher high and usually will break down the resistant immediately.

Considered K5 is near the support along the uptrend channel,
The market will choose to break up or fall down here.
If K5 break up K4,
It will be a good place to buy then.
If K5 close below the resistance,
The consolidation will expand down to test 116USD.
It will be another good place to buy then.

2024年12月8日

交易進行

The recent several candles is a consolidation process near the previous high price area.
The market will likely choose a direction to break up or fall down.

If the following candles close upon K1 or K2,
It will be a good place to buy in.
If the following candles close bellow the support,
The risk will sharply increase.
The market will fall to test 115USD area.
It will be a good place to buy there.
After all, in the long run,
It is still a bull market.

2024年12月30日

註釋

From K1 to K3,
The supply pressure keep increasing,
It seems to be a bear head of a potential bear run.
But unfortunately, K3 failed to close below the support or the neck line of the bear head at about 132 USD to verify the bullish momentum.
And furthermore, a bull gap followed the bullish hammer candle of K3.

So, if the following candle of K5 couldn’t start with a bear gap close below 132USD,
The newly-born short-term bear trend couldn’t expand.
it will be possible that the support is strong enough to start another bull run here.

And if K5 break up K4,
It is still valuable to buy in.

1月4日

註釋

Candles around K1 failed to close below the nearest bull gap,
And also failed to fall into the downtrend channel.
So, the potential newly born short-term downtrend failed to expand down.

And furthermore, a bull gap at K3 verified a fact that the bull force still controls the market.

It is a good place to buy at K3,
And , if the following candles fall to test 0.382-0.5fib area,
It will be another good place to buy it there.