NVDA Fake Breakout
FOMC Still ahead within an hour or so.
If FED raises 25 bps (which is my expectation), we'll maybe fake a move up -- because first move is always fake -- and then dump hard.
See how NVDA broke above the downtrend line from November? I expect another break up above it if FED raises as expected.
Then, it will dump down back into the pattern and will meet the targets I have listed in the coming weeks imo.
Targets 209, 205, 200, 196, 188.
Be nimble. Bottom is not in unless FED says so.
Listen carefully to what they say.
Trade idea (IF things go according to plan): 03/25 NVDA 220p
If FED raises 25 bps (which is my expectation), we'll maybe fake a move up -- because first move is always fake -- and then dump hard.
See how NVDA broke above the downtrend line from November? I expect another break up above it if FED raises as expected.
Then, it will dump down back into the pattern and will meet the targets I have listed in the coming weeks imo.
Targets 209, 205, 200, 196, 188.
Be nimble. Bottom is not in unless FED says so.
Listen carefully to what they say.
Trade idea (IF things go according to plan): 03/25 NVDA 220p
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