NVDA heads up at $148.64 then 151.86: Before and After 150 round
Updated
NVDA has some major landmarks near 150 round.
Early selling could start a pullback from $148.64
Stop hunts above psych val could pop to $151.86
Of course, 150 round number will be a battle.
But the fib levels show the SUM of all decisions.
So we look for topping signs (or not) at our fibs.
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Early selling could start a pullback from $148.64
Stop hunts above psych val could pop to $151.86
Of course, 150 round number will be a battle.
But the fib levels show the SUM of all decisions.
So we look for topping signs (or not) at our fibs.
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Trade active
Here we are:
First serious barrier at $148.64.
.
Zoom in (m1)
That is what I call a PING, from:
"Give me a ping Vasilly, One Ping Only"
And my rule about pings:
"Not every Ping starts a Reversal,
but Most reversals start with a Ping"
Lets see if these develops into a significant dip.
If we wave develops, I will measure for targets.
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Trade closed: target reached
Gorgeous Fibnastics moves
(yellow shaded area is from posting time).
Shorts closed, flipped to longs.
,
Zoom in a bit with notes
We got a "Bull Trap" spike above resistance and then a dump.
The drop cascaded down to our mapped support cluster of ivbs.
In the zone we got a PING (exact bounce) on the Genesis fib.
.
So now we watch $148.64
Sister of the Genesis fib that bounced us.
What happens there will be quite telling.
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