By Friday last week in
NVDA, Support of the Market created an inside day to reversal rebound white candle that engulfed, indicating that the minor drop down out of this trading range was just that: a minor slip of price to below fundamental levels.
Volume was well above average and Volume Oscillators--TSV, TTVA or Chaikin Osc--ticked up along with money inflows. Never assume that a break to the downside from a stable sideways trend is going to continue down. Inside days are no longer a "sure thing" for selling short.
Along with support from a bottom formation, the minor nudge before the black candle that dropped below the low of the sideways trend also was a factor in determining that NVDA was not going to run down. Sell short risk was exceedingly high based on these factors.
Volume was well above average and Volume Oscillators--TSV, TTVA or Chaikin Osc--ticked up along with money inflows. Never assume that a break to the downside from a stable sideways trend is going to continue down. Inside days are no longer a "sure thing" for selling short.
Along with support from a bottom formation, the minor nudge before the black candle that dropped below the low of the sideways trend also was a factor in determining that NVDA was not going to run down. Sell short risk was exceedingly high based on these factors.
Martha Stokes, CMT
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
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Penafian
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Martha Stokes, CMT
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.