NVDA is ready to push much higherStudy the price action on this logarithmic daily chart. The thoughtful and observant student will be able to deduce how the magenta channel was constructed. Imo, this channel represents the current probable path of price. Study will certainly reveal existing time cycles. Imo, the next daily cycle top is due in late November-early December.
The recent break to new highs has setup a potential year long Bear AB=CD harmonic pattern @ 192.22.
As insane as it may sound, I believe that a post-earnings push to +220 by early December is in the cards. Thankfully, I don't have to hope and pray to trade this in a profitable manner.
Trade Idea: Believe that history is repeating itself in a fractal manner, buy long, follow the probable path of price, take profit @ 192.22 and/or liquidate if a daily candle closes below the path.
I could be could be completely wrong, but, barring immediate gap moves down, I will only suffer a small loss. Otherwise, the probable path of price will allow me to trend follow; accepting what the market gives free of stress and second-guessing.
Good luck to all the bulls!