NVDA: 50% correction / XABCD short it 150 USD

2024年9月26日

🔸Hello traders, today let's review the H4/candle NVDA price chart.
Recently solid gains after we filled a massive gap near 100 USD, so a normal
liquidity fueled bounce currently in progress. Having said that, that's where
the good news end. Massively overvalued company due to AI hype / euphoria, this bubble will deflate soon, very limited upside.

🔸Setup is based on speculative XABCD structure, point X at 138, point A and 100, point B at 130, point C at 105 usd and finally point D/PRZ at 150 usd. Most points already confirmed, only D/PRZ pending. Gravity pull / massive open gap (on the right) will drag the prices down and we will drop to 70 usd handle. this is a 50% correction for NVDA.

🔸recommended strategy positiov traders: advanced SHORT/hold setup at point D 150 usd, TP bears is 100 USD TP1 / TP2 75 USD /open gap near 70 USD. keep in mind that this is advanced entry strategy for the bears. SL fixed at 165 USD. 50% correction incoming and it's best to prepare in advance. good luck, traders!

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2024年9月26日

註釋

NVIDIA would need to generate: 1250 billion dollars in cash flow over the next twenty years to justify the current valuation. IMPOSSIBLE.

2024年9月28日

註釋

expecting better volatility next week
this week low vol

2024年9月28日

註釋

Trading Psychological Levels 101

2024年9月29日

註釋

Trading is a waiting game

2024年10月2日

註釋

new update will be released this Friday

2024年10月3日

註釋

TSLA: 125% gains Best Level to BUY/HOLD