The market saw a large pullback in many recent equities this last Friday including companies like nVidia.
I cant say that the chart looking bearish, we are still making some higher highs. Ive done some research to learn some shareholders are likely starting to take profits on stocks that had large rallies.
But most importantly, it seems like we have some unfinished business down below where price attempted to test the low, but was just a few points away from doing so, front running the level.
Looking for a small dip towards the support zone, and potentially lower if we flip the demand zones in supply.
Lets see!
I cant say that the chart looking bearish, we are still making some higher highs. Ive done some research to learn some shareholders are likely starting to take profits on stocks that had large rallies.
But most importantly, it seems like we have some unfinished business down below where price attempted to test the low, but was just a few points away from doing so, front running the level.
Looking for a small dip towards the support zone, and potentially lower if we flip the demand zones in supply.
Lets see!
Trade active:
Going to Take a short trade here on bad PPI data