NVDA SHORT TRADE IDEA


NVDA SHORT TRADE IDEA



>Technical Direction: Daily Downtrend (2 Consecutive LHs)
>We have a Rally-Base-Drop(RBD) Weekly Supply Zone coverage for the RBD Daily Supply Zone
>We have a high quality Leg-out(Imbalance) from Weekly TF and a Gap+Explosive leg-out from Daily Supply

*Stochastic RSI confirmation (This is not a Timing tool, We always follow the Law of Supply and Demand): Stoch RSI is at Overvalued Zone, meaning price is looking for a Supply Zone to Drop the price.

Entry, Stop Loss(Entry zone plus -33%), Target(2R) is shown on the chart via Fib Retracement

Trade Safe

Leave a Comment

close button