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NVDA Stock Update: Downtrend Alert!
📉 NVDA Stock Update: Downtrend Alert! 🚨
Attention traders!
As we analyze the current market structure for NVIDIA (NVDA), it's crucial to note the recent developments on the daily chart.
Key Observations:
Market Behavior Since December 20, 2024: NVDA has been in a ranging market, characterized by significant volatility.
Bearish Signal: We witnessed a huge bearish engulfing pattern, indicating strong selling pressure. This is a critical signal for traders to consider.
Break of Key Level: The recent higher high can now be defined as a Lower High (LH) as the base of the order block at $129.60 has been broken.
Expected Support Levels:
As we move forward, we anticipate the following support levels:
$124.94
$120.33
$115.78
We are particularly focused on potential accumulation within this Demand Zone. It's essential to stay vigilant and adapt your strategies accordingly!
Happy trading, and stay safe! 📊💼
Attention traders!
As we analyze the current market structure for NVIDIA (NVDA), it's crucial to note the recent developments on the daily chart.
Key Observations:
Market Behavior Since December 20, 2024: NVDA has been in a ranging market, characterized by significant volatility.
Bearish Signal: We witnessed a huge bearish engulfing pattern, indicating strong selling pressure. This is a critical signal for traders to consider.
Break of Key Level: The recent higher high can now be defined as a Lower High (LH) as the base of the order block at $129.60 has been broken.
Expected Support Levels:
As we move forward, we anticipate the following support levels:
$124.94
$120.33
$115.78
We are particularly focused on potential accumulation within this Demand Zone. It's essential to stay vigilant and adapt your strategies accordingly!
Happy trading, and stay safe! 📊💼
🔥my free signals and AI trading indicators channel telegram
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading —— Accuracy +80%
-Booster highlight:
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t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading —— Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
🔥my free signals and AI trading indicators channel telegram
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading —— Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading —— Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.