Gap Fill setup w Psych 50 and Semi leader Breaking out AH

1 de out.

Simple gap fill setup

Pro-
-50 psych above magnet
-gap resistance tested multiple times
-Indicators for RSI and Relative strength vs SPY are all flashing here for me
-good consolidation since last year and VRVP sitting under us now
Con-
-Market overall extended so might get Pull back

Entry/Exit-
-Entered full size in anticipation so RR is better but keeping stops at near VRVP
-Targets are 50 / 50.90 / 53.67 / 56.79(complete gap fill last target)
-Easy 2R Plus trade

Contingency plan-
If tomorrow NVDA gives a giant reversal then cutting as the 1hr TF 50ema breaks.

Overall nice setup - market still holding strength and until trend is broken I will be happy dip buyer than a top chaser

2 de out.

Nota

Lol sometimes you can be really lucky !! tomorrow will scale out further and update.

6 de out.

Trade fechado: objetivo atingido

Targets reached, leaving 10% runners to cut if 8 ema breaks