I've started shorting $NVDA in this red box. This is the quarterly upper band, a 1.61 Fib level and it's an old resistance area from back in Aug/September of 2021. Daily momentum seems to be getting worn out and our daily trix is fluctuating between green to red with the weekly about to change to red.
My first short was at $222.28, my next entry is $232, which is the upper quarterly band. My stop on this is 10% at $256.00
Target is $200.
Looks over extended to me. Happy Trading.
My first short was at $222.28, my next entry is $232, which is the upper quarterly band. My stop on this is 10% at $256.00
Target is $200.
Looks over extended to me. Happy Trading.
