Chart Pattern Analysis Of NVDA

2024年10月7日

https://www.tradingview.com/x/LCnijGvx/


After K1 break up the initial uptrend channel,
a bearish harami pattern of K2 and K3 stopped the strong bullish momentum.
The market turned to be more neutral.
It seems that a consolidation will lasts for months here.
And the decreasing demand also verified it.

2024年10月7日

註釋

It seems that a consolidation had lasts for 4 months here.
K5 will try to break up to terminate the consolidation.
If K5 close upon K3,
It will be a good place to buy it here.

On the other hand,
It is also a potential weak rebound at K5.
If K5 keeps to be a doji candle,
The risk will increase and the consolidation will continue.

2024年10月7日

註釋

K5 failed to close upon K4 and the downtrend line is still ineffective.
If there are more signals to verify the weakness of the market,
The following candles will likely fall back to test 100USD area.

2024年10月7日

註釋

From K2 to K4,
It is a bearish three soldiers stalled pattern.
The downtrend line had stopped the bullish momentum here.
It seems that the following candles will choose to break up or fall down.
If I had bought it earlier,
I will try to decrease my long-term positions or increase the stop loss limit.

If K5 close below K4,
The risk will increase.
If the following candles close upon the downtrend line.
The bull market will keep marching up.

2024年10月8日

註釋

K3 choose to break up the resistance,
It is a good signal for the bull market.
It seems that the bull force had fully controlled the market.
The following candles should not return back below the resistance.

If the following candles close upon K3 or successfully retest the resistance,
I will try to buy it.