NVIDIA (NVDA) - SELL (WYCKOFF DISTRIBUTION)

1월 5일

NVDA looks as though it has entered a distribution phase after reaching the 1.618 fib extension. Awaiting formation of UTAD (with low volume), to confirm the sell entry. Hard to gauge how far price will continue to rise in UTAD formation, so I would enter on the UTAD test, which will make it easier to spot full UTAD formation.

Take profit would be around $318 which would have price reaching the 1.618 fib extension. Coincidentally, this would fill the price gap between $318 - $366.