Nvidia Looking Vulnerable To Start A More Important CorrectionWill this important momentum breakdown mark the top for Nvidia (and possibly Nasdaq and Bitcoin)? The start of a simple correction OR a vicious bear market? Let me know what you think. #nvidia #nasdaq #bitcoin #recession #unemploymentby Badcharts9
Nvidia Go Bye Bye | Short or Take Profits Whenever news commentators feel the need to interview a CEO, and hail the CEO as some kind of benevolent "hero of the people", that is a pretty good indicator that something is awry. The same applies for rampant social media hype. At the end of the day, the chart & the macro backdrop tell the real story. NASDAQ:NVDA will collapse from here. Don't bother trying to buy any time soon, you will only be hurting yourself; this thing, along with the broader market has some significant adjusting (downward) to work through. Shortby ChiefMacro5
NVDA: Wave 4NVDA appears to have completed 3 waves down, so looking for a retrace to 118-123 over the next week for wave 4, then a final plunge to $80 for wave 5by FiboTrader18819
NVDIA Is disaster just ahead of us?NVIDIA corporation (NVDA) is on a 3-month pull-back, the first it had on a 1M basis since September - October 2023. The latter was simply a mid-Bull consolidation phase within the wider picture of a Channel Up pattern that started almost 10 years ago. The price is pulling-back from the Channel's top (Higher Highs trend-line) and if the 1M MACD forms a Bearish Cross, we should be preparing for a cyclical correction within the pattern which in the previous two times (November 2021 and October 2018 tops) it corrected back to the 1M MA50 (blue trend-line) to form a bottom. The Nov 2021 top was formed exactly at the time of the 1M MACD Bearish Cross, while the October 2018 top was formed 10 months after. If this is a 3-year Cycle then in October or November (2024) we should really see the extent of the correction. If not then this might be another Mid-bull consolidation and we may have (roughly) another 10-12 months before this Cycle tops. What do you think it's going to be?? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot34
NVIDIA Q2 2024 earnings report BULLISH??? Price is currently trading -6% post market after their Q2 2024 earning report has just been released. There is a Bloomberg interview with CEO Jensen Huang in 45 minutes from now (6:30pm New York). Price action wise tomorrow’s daily close will be key. If we close below $123 then more than likely we will be in for a retrace toward $110 - $100 which might be a great long entry area. NO TRADE and stand by for now.by ZelfTradeUpdated 9
NVDA Swing Long TradenVidia has become an extremely popular stock amongst market participants, and has a large potential to revolutionize the world through their AI technologies and computer processing chip sales, amongst other benefits. However, going into this uncertain time pre-election, there is potential for volatility to be present in markets before moving to higher levels. At the moment, we are still trending upwards on the longer term, with a large base / liquidity zone at my buy targets between $65-$75. There are several levels of confluence that I have for this trade: 1) Liquidity zone located at the pivot low of $75. I would look for a swing failure pattern here. 2) Gap zone from $66/$68 would be nice to fill and bounce from. 3) Trend based fib extension from the low at $91 and then swing high at $131 at the 0.618 would bring us exactly to the point of liquidity marked at $75. 4) I would like to see Bullish CVD and divergences at these prices as another confirmation to take a swing long trade. My analysis is based strictly off the technical's on the charts, and there wont be much updates here unless the alert is triggered at $75. Only time will tell!Longby afurs13
NVDA: Buy ideaOn NVDA we can see on the chart an attempt to break the resistance line by buyers. If this is confirmed, it goes without saying that we would have a high probability of seeing the market go up. Furthermore, if the support line is broken forcefully, this implies a reversal of the (bearish) trend.Longby PAZINI196
TROUBLED NVIDIA- CAN DELAYING GPU CAUSE A SELLOFF? This stock impressively recovered after a major selloff last few weeks. Despite the stock's impressive perforce over the past year, concerns about overvaluation and increasing competition in the artificial intelligence have persisted. The investingPro's value tool estimates NVDIA's fair value at $106.17. Meanwhile, the company faces its own challenges, it recently announced a delay in the release of BLACKWELL GPU, now it is expected to launch in the next year. This delay has raised some concerns among investors as the recent R filings REVEAL shows that some investors have reduced their holdings. Other investors have increased their positions and bought the recent selloff dip. While the stocks shows some recovery 136-140 level will be crucial for sustaining and continuing with the upward momentum. IF that level breaks we can see the likes of 160-$170, otherwise this will drop hard back to 93 and below. We can also see that double top is being formed (M PATTERN) IF it plays reversal card it will be bloody red GOODLUCK,RISK WISELYShortby ForxTayUpdated 8816
NVDA outlook is bullishWeekly Outlook of Sep 9 NVDA is in down trend since the earning report - Price seems bouncing around $100-102 area - 3rd downward leg forms divergence on 1H time frame - RSI indicates Oversold on 4H time frame (below 30) - Increased volume - BoFA released analyst report favoring the NVDA Therefore: Bullish case - Pull back for deep correction to $116-118 is expected if price rise breaks back above $107-108 Bearish case - Economic worry is back after job data last Friday if price holds under $105 area it may bounce down on downtrend line pushing price below $100 the $97 area NASDAQ:NVDA Longby MoneyJumper7
Weekly Analysis NVDA/Semiconductors Semiconductors don't seem to be driving the market higher any longer, it's been a while since that has been the case. We've seen extreme weakness out of this sector after being the market leader for so long. This is the most downside we've seen yet this year, but there are still critical levels on SOXX and NVDA that need to be broken until bears can claim victory.Short08:08by AdvancedPlays3
Strong Analysis on NVIDIA (NVDA)Hey traders, let's break down what's happening with NVIDIA (NVDA) and how I'm approaching this setup. As you can see on the chart, we had a pretty solid uptrend that got me excited for a while. The green Heikin Ashi candles were flowing nicely, indicating strong bullish momentum. But now, we’ve hit an interesting point where things are taking a turn. Key Resistance Area First up, there’s a key resistance zone around $128. It’s no surprise that the price started pulling back right after touching that area—it’s been tested multiple times before, and once again, the bulls struggled to break through. I marked this zone on the chart with an orange box to emphasize how critical it is. It’s like a ceiling that NVDA just can’t seem to smash. The Pullback Now, as the price started to dip from that resistance, I noticed a pullback that’s pretty significant. This is where I’m keeping an eye on a potential reversal or further downside action. The sell-off is accelerating, and it’s getting close to an important support zone between $90 and $96. Support Zone Here’s the good part: I’ve highlighted a major demand zone between $90 and $96. This area has held up in the past and acted as a solid floor for the price to bounce off. I marked it with a purple box so I don’t miss the opportunity to potentially buy back in if the price bounces. What’s Next? For me, the plan is straightforward: I’m waiting for the price to approach the support zone. If we get bullish signals (like a strong green candle or price action reversal), I’ll consider taking a long position with my stop just below the zone. On the flip side, if it breaks below $90, that’s my signal to step back and wait for a clearer direction. Right now, it’s all about patience. I want to see if the support holds, and if it does, that’s where I’m ready to act. If you’re watching NVDA like me, keep an eye on these levels—this is where the action is happening. Happy trading, and let’s see how this plays out!Short20:00by Deno_Trading6
HEY INVESTOR! Nvidia below $100 is an absolute buy! check it outLet's welcome NVDA to our weekend analysis! In this analysis, we're primarily focusing on two resistances that the price formed several months ago, which consequently created a gap later on, the price came back to test our blue area, which we'll call our "gap zone." The price has been fluctuating in a bearish sequence; however, it has not yet reached our point #4 to complete the sequence we've been observing for the past few days. If the price complete the sequence and reaches our point #4, we're looking an excellent buying opportunity below 100 dollars. The trend is still bearish, but there are two factors that may suggest a short-term trend reversal: First , the price has already touched our gap zone, and second , the dividend date is approaching, during which many accumulate shares to receive the dividend and then sell, leading to increased volatility for Nvidia in the coming days. Just remember, Nvidia's intrinsic value may be positioned below 98 dollars, but if you're looking at it for the long term, this price shouldn't concern you at all. Best wishes for success in your trading and investment! Thankyou for supporting my analysis Best RegardsLongby RocketMike11110
breakthrough becomes clear, last set of supportThe lines show a narrowing squeeze indicator but have a close retrace in the mid-80s, which I am also paying close attention to.Longby themoneyman807
$NVDA Once in a LIFETIME MY PLANI am long 106.19 with options OPEN ORDER AT 99.37 TARGET 135 🎯 This has 10X opportunity written all over it STRONG reaction on the 618 FIBONACCI I will share with you how I LAYER in OPTIONS and potentially SHARES ❤️if ur in!Longby tradingwarzone7789
NVDA: Down till 50 ????Seems to be a deja vue moment . If you believe in it act accordinglyShortby darth.stocks3
NVDA Long Term Targets IndicatedNVDA has been on a steep run for the last 2 years but if there will be a recession in the near future, these levels are a high probability for NVDA. This analysis is for informational purposes only and not a financial advice.by quietbull1
Thats two lower highs for NVDA...What is next??? NASDAQ:NVDA NASDAQ:QQQ TVC:VIX NVDA: A Looming Breakout or Breakdown? Nvidia (NVDA) has been on a rollercoaster ride lately, with its stock price exhibiting significant volatility. The recent formation of a lower high and a potential lower low suggests a downward trend may be in the works. A key support level lies around $98, marked by trendline support that held firm on February 21, April 22, and August 5. If NVDA breaches this level, it could signal a short-term reversal of the uptrend. Analyzing the 30-minute timeframe, we see a recent break below a bearish pennant, indicating further downside potential. If this bearish scenario unfolds, a price target of $85-90 seems plausible. Interestingly, this price target aligns almost perfectly with NVDA's 200-day Simple Moving Average (SMA). If the stock does indeed reach this level, it could present a compelling buying opportunity. However, the broader market may face challenges if NVDA's downward trajectory continues. Recent economic data, such as weaker job openings and rising unemployment, suggests a deeper market correction might be on the horizon. While the Federal Reserve is expected to cut interest rates at its next meeting, a larger-than-expected reduction could trigger market panic. The next few months promise to be exciting, and this period can offer opportunities for significant wealth creation. For now, I'm waiting on the sidelines, patiently observing the market's dynamics. Remember, Warren Buffett's recent moves are a testament to the importance of following the market's trends rather than blindly fighting against them.by Average_Joe_Options4
NVDA: 5 Waves down C WaveNVDA is almost to the end of Wave 1 of Wave C. From there, NVDA will climb to as high as 122 - 130, before starting the biggest sell off in October or November. by FiboTrader1141416
Go longvat 60$This is so incredible overpriced and in a massive bubble. The ship is sinking now and on fire so get out vefore the smoke gets too tickShortby CyberNetGainUpdated 116
My short and longterm projection on SPY and NvidiaHi all, Welcome to my first published idea! Summery of the video: As it is a big move I felt the need to publish this. Making sure Bulls will know what could most probably happen in my opinion when SPY and Nvidia will reach the upcoming highs and make decision whether to hold or sell. I believe we have reached a temporary low on Nvidia and SPY on Friday Sept 6th. As we have seen after the YEN carry trade dip, I believe we will see a new run up creating a LPSY to 124.5 for Nvidia and 562 on SPY. This should be completed by if my theory is right in the last week of September, so Friday 27th. If these levels are indeed rejected we will see a significant down trend/ correction. I am basing this theory on the existing sell and buy OBs that are in place on these levels. Also if we look at the bullish run up that we have seem on both symbols it has not seen a proper correction yet. Also understanding how the market and Market makers work, I believe it needs to retest all these levels. Creating a what will look as a healthy pullback on the monthly charts back to the 200 EMA till March 2025. From there on we will see a change of sentiment and it will go back to bullish trend. But before that can happen SPY will have to hit 437 and Nvidia the absolute low of 14.5. Of course there is always a possibility we continue this bullish trend and this theory will be invalid if both break 124.5 and 562 and continue to move up through October. Hope you enjoyed this idea and happy trading! Trade what you see, not what you hope to see! Have beautiful day everyone! Long11:22by Esperanza84141438
Bearish Engulfing Weekly is a strong SELL-signal ....!NASDAQ:NVDA Two weeks ago a Bearish Engulfing occured at Nvidia - This is a very strong signal as according to the Candle Expert Bulkovski points in 79% of occurences to much lower prices . Bearish Engulfing are also one of the most reliable candle formations! And the Red Candle was much bigger than the green. This weeks again red big down candle proofed just this (!) Together with Elliotwave 5 waves up to 140 past June, I think we are in the middle of an ABC correction which points to around 80..... ! At mom we are in C-Wave which very often has similar length as A, which points again to 80! And volumes are still not high enough to see a bottom in Selling ..........! www.tradingview.com Update ideaShortby Rolixc5530
NVIDIA LONG 96-81 Target 130 RR 1:5 NVIDIA MTF PROIE Analysis Current Status : NVIDIA formed Weekly Supply 124.23 NVIDIA Weekly Demand & Daily Zone 96-81 NVIDIA Long 96-81 -Targer 133 NVIDIA Yearly Breakout 34.65 NVIDIA 6 Month Demand 51.35 NVIDIA Qtrly Rally 97.40 NVIDIA Monthly Rally 92.23Longby pradyammm2
Nvidia lower timeframe has not shown any bullish signs. NVDA reacted to the Demand i marked out but failed to turn bullish on the lower timeframe. And has just been going lower, no buying opportunity. Daily is bullish and we're at the last Demand. Still waiting for lower timeframe to turn bullish. Patience is needed. by willisloyefx0