NVDA - Probable path for this pullbackI’m not bearish at all but this is a meaningful pullback before it’s heading for a new highs,imo. Let’s see how it goes today and next week and there after around 100 (if it reaches)by just4tradinUpdated 11
7 Dimension Comprehensive Analysis FOR NVDAThis analysis focuses on a potential trade setup using the 7-Dimension Analysis approach on the Daily (D1) timeframe, with an additional H1 timeframe consideration for a counter-trade. Below is the detailed breakdown: 😇 7 Dimension Analysis Time Frame: Daily (D1) Swing Structure: The overall structure is bullish, with the market having taken inducement and currently moving toward completing its corrective swing move. The corrective move is nearing its extreme levels, with one pullback already completed and a proper bearish internal structure observed. An Extreme Order Block (OB) is marked as the Point of Interest (POI) right at the discounted zone of the swing, around the 80% Fibonacci level. This area also aligns with a prior demand zone where the last impulsive move started, making it a strong area of interest for a potential buy entry. Pattern: 🟢 Chart Patterns: A reversal pattern in the form of a Rounding Pattern is forming, with a higher low (HL) internal leg that could lead this swing further down before it potentially reverses. 🟢 Candle Patterns: After a Tower Top, the candlesticks have broken out to the downside in a narrow range, accompanied by gaps and momentum. The breakout was followed up by an engulfing candle, with a Dark Cloud Cover pattern in play, signaling strong bearish control in the market at this point. Volume: 🟢 Despite the corrective move, there hasn't been a drastic decrease in volume, suggesting that this move is still part of a corrective phase. This implies that a significant buying opportunity may present itself at the POI. Momentum RSI: 🟢 The momentum has shifted into a sideways zone after a long rally, with a range shift having occurred. However, according to Andrew Cardwell’s RSI analysis (Grandfather-Father-Son module), the overall market sentiment remains extremely bullish, indicating that this down move could just be a correction, and buying at the POI would be advisable. Volatility Bollinger Bands: 🟢 After an expansion phase, the market may take some time to cool down, so it's not surprising if the price enters a sideways or corrective range for some time at these levels. Strength ADX: The ADX also suggests that this is merely a corrective move, with a strong potential for continuation of the previous bullish trend after the correction. Rating: ⭐⭐⭐⭐ (4 Stars) Probability: 80% This setup has a high probability, with strong indications that the corrective move will provide a buying opportunity at the identified POI. Planned Entries: Counter Trade Entry (Sell): ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ POI: Counter Trade Gap Down 💡 Decision: Sell Limit 🚀 Entry: 114.41 ✋ Stop Loss: 120.1 🎯 Take Profit: 86.5 😊 Risk to Reward Ratio: 5RR 🕛 Expected Duration: 20 days Main Trade Entry (Buy): ✔️ Entry Time Frame: Daily (D1) ✅ Entry TF Structure: Bullish ☑️ POI: Extreme POI 💡 Decision: Buy Limit 🚀 Entry: 87 ✋ Stop Loss: 74 🎯 Take Profit: 180 😊 Risk to Reward Ratio: 7RR 🕛 Expected Duration: 60 to 180 Days SUMMARY: The analysis suggests a dual approach—first, a short-term counter-trade sell position based on the H1 structure with a favorable risk-to-reward ratio, followed by a long-term buy position in line with the bullish daily structure. The corrective phase in the daily timeframe is expected to present a strong buying opportunity at the identified POI, with a highly probable chance of significant upside thereafter. The two trade setups provide different time horizons and risk profiles, catering to both short-term traders and longer-term investors.Longby Optimum3693
If NVDA falls, How far will it Retrace?? - NVDAHere I have NVDA on the 4 Hr Chart! Price on NVDA is showing exhaustion in the $126.83 - $133.75 Range, just shy of the Previous Highs in June & July. This Range is based off the Beginning of what seems to be an Elliot Correction Wave from the Lower Low @ $90.69 followed by our High (Point A) @ $108.8 then our Higher Low (Violation of Structure - Point B) @ $97.53. Confirmation of Wave comes once Price Broke Point A to Push Higher to Point C where it stalls now! Now, using the Fibonacci Retracement Tool, we can see that if $130 stands to be our new Higher High, price should be looking to make a Higher Low by Retracing to the Fib Entry Zone between $119.19 - $113.77! -Once Price confirms the Correction Wave, we see the RSI cross Above 50 -Price is now trading Above 200 EMA *AREA OF CAUTION* -Price created quite a Price Gap between $110 - $112 so we could possibly see price make a another 38.2% retracement to Fill The Gap before moving Higher!! Earnings & Revenue Due Wednesday Aug. 28th.Longby Novi_FibonacciUpdated 4445
NVDA is just getting started. NASDAQ:NVDA NVDA has been making headlines recently, with a significant bounce off support in the mid-90s and a successful breach of both the 100 and 50-day moving averages. This technical bullishness was further reinforced by the strong demand and growing penetration of AI into various markets. However, the post-earnings retreat below the 50-day moving average has introduced a layer of uncertainty. While the overall technical picture remains positive, a closer look at the chart reveals an unfilled gap in the $109-$113 range. This gap represents a potential area of resistance that could hinder further upside momentum. Filling the Gap and Reaching New Heights If NVDA can successfully fill this gap, it could open the door for a more sustained upward trajectory. The stock's strong fundamentals, driven by the growing demand for AI and data center solutions, provide a solid foundation for continued price appreciation. NVDA has recently broken above the upper resistance of a negative channel, but was unable to find support at these levels. Watch for this resistance to be broken again and serve as support for further upward movement. Longby Average_Joe_Options4
NVDAOn 24HR If Nvdia pulls back and fills gap at 108 go long. Or we bounce from here and break downtrend .Longby MarketMechanic24119
NVDA Outlook💹 Stocks: 📈 Bullish Outlook: NVIDIA has been breaking into new highs on our Weekly, Daily, and 4hr time frame. Context time frame (1W): Price has been surfing above the 10ema and is showing strength. Context time frame (1W): Price has brokedown into the 10ema and has showed a valid pulllback. Validation time frame (1D): Price is showing strength and surfing above the 10/50/200 EMAs Validation time frame (1D): Price has brokedown into the 10ema and has showed a valid pulllback. Entry time frame (4hr): Price has brokedown into the 10ema and has showed a valid pulllback. Entry time frame (4hr): I'm interested in longs if price can get above the 10ema and start showing strength. Keeping an eye on this. 👁️Longby angelvalentinx3
NVDA Long TermElliot Wave applied on NASDAQ:NVDA daily chart which shows PT of $154.52 in next 3 to 4 months max.Longby shankargb6
Bullish Harami Cross PatternPlease see the daily chart of $NVDA. Today (30th August 2024), the movement formed a unique cross. This cross is called as Bullish Harami cross pattern, after appearing red/ downward candle. Prediction: NASDAQ:NVDA is expected to be bullish in the coming days/ weeks and may cross 130, despite the month September has been traditionally bearish for most of the stocks. Longby shankargb3
NVDA | Earnings vs The Chart —Fundamentals vs Technical AnalysisGood morning, happy labor day for those in the US. I guess most people reading this are in the US. We have this situation, we have "the earnings" and "the chart." This is the great fight that has been going on for decades when it comes to approaching the markets. What's the best approach to the market; using which tool. ➖ Fundamentals (FA) vs technical analysis (TA). I am of the TA group but please read, this might make sense even to you. ➢ The chart (TA) is saying down while the earnings (FA) are saying up. The reason why you see this and other stocks go up each time is because we are in a bull-market. You see the release of the CPI, the earnings and everything else and each time the stock valuation tend to rise. The stock is not rising because of positive news, company growth or favorable fundamentals, the stock is rising because we are in a bull-market. Everything has been rising for years. You can confirm this by looking around. We are in a fiat bubble bull-market but the bull-market is of course real. Now, the bull-market doesn't last forever. There are periods when the sentiment changes and we enter a bear-market. When we are in a bear-market the stock valuations will drop regardless of the news. Short-term there can always be fluctuations and volatility when "the earnings" are released, but long-term the stock will follow the market trend. If the CPI, the earnings and the rest are bearish or bullish this will be of no consequence to the stock. If we are in a bear-market it is going to drop. That's why you can see bad CPI numbers yet valuations grow. That's why you can see negative fundamentals and yet, everything grows. The chart is saying down while the earnings are saying up. Let's say we reached the end of the bull-market, therefore we are entering a bear-market. You can have good earnings, good CPI, cut rates and all the rest and yet prices drop. The only way to know if we are in a bull or bear market is by looking at a chart. Namaste.Shortby AlanSantana7724
NVIDIA Technical Analysis And Forecast For This WeekNVIDIA Technical Analysis And Forecast For This Week NVIDIA has recently experienced a pullback following a less-than-optimistic forecast for the upcoming quarter, which fell short of investors' expectations. This disappointment has prompted a wave of shorting by several shareholders, adding downward pressure to the stock. However, based on my technical analysis, I believe NVIDIA is poised for a potential rebound from its current price levels this week. Key indicators suggest that the recent dip may have been overextended, and we could see a recovery as market sentiment stabilizes. Keep an eye on support levels and any bullish signals that could indicate a reversal in the near term.Longby ForexClinik3
$NVDA DAILY CHART PREDICTIONS (OPTIONS)UN THE 🐂 SIDE AROUND 150C ( if she does break that 126 resistance area ON THE 🐻 SIDE AROUND 90P (if she doesn’t break through 126)by NEWBORNMILLION2212
$NVDA Once in a LIFETIME UpdateNASDAQ:NVDA Once in a LIFETIME Update Fibonacci Pyramid ADD heavier as we go lower Fills: 95, 108.19, 115.87 Target 150🎯 The biggest buy was at 95 which is heavy in the money if we go lower you can add more layering Options and Shares ❤️if In!Longby tradingwarzone14
Humble NVDA Point of view, 1W ChartFor the following weeks I personally believe NVDA will be bearish forming right shoulder possible supporting level are as shown 115 ( 38 fibo) 106( 61 fibo) and weekly trend line (yellow), by this week closing NVDA shows bearish signal, also Harmonic ab=cd the zone to form point D is between 79-65 before going to any higher levels, that's all for me peace! ^_^Shortby Faisalzor223
Quite simple really isn't it.What are the odds of a sideshow allowing the last quarter to be a little less volatile and more buying up institutions for future guidance? Longby themoneyman803
NVDA Bullish FlagMy first post, just trying to act as technical analyst after studying from various sources during the last year!Longby wessamgendy8867
Is NVIDIA's Bull Run Gaining Momentum?The 4-hour chart of NVIDIA Corporation (NVDA) presents a bullish outlook, characterized by a series of higher highs and higher lows. This upward trend is further supported by the positive divergence between the price and the Relative Strength Index (RSI). Price Action: The price is currently trading above its 200-period moving average (MA), which is a bullish signal. Support and Resistance: The immediate support level is at 116.00, while the immediate resistance level is at 124.00. A break above the resistance level could signal further upside potential. Indicators: The RSI is currently above 50, indicating a bullish sentiment. Additionally, the positive divergence between the price and the RSI suggests that the bullish momentum is strengthening. Based on the current analysis, a potential short-term trading strategy could involve buying NVDA with a stop-loss placed below the 116.00 support level. The target for this trade could be the 128.00 resistance level. Keep an eye on news and events that could impact NVIDIA, such as product launches, earnings reports, and industry trends. Implement proper risk management techniques, such as using stop-loss orders to limit potential losses. Consider looking for chart patterns, such as flags or pennants, which could provide additional insights into the direction of the market. NVIDIA Corporation (NVDA) is currently in a bullish trend, and there is potential for further upside movement. Traders should be cautious and exercise proper risk management when considering long positions. by hassanshahjehan2
nvdaStop loss is important Not penetrating 131 with momentum It is better to wait until the entry is confirmed or to enter into a high risk The goals may be achieved this week before the company announcement It is not a recommendation, but a technical analysis Shortby qassimalharganUpdated 3
NVIDIA ($NVDA) received 12 analyst buy ratingsNVIDIA ( NASDAQ:NVDA ) received 12 analyst buy ratings following its earnings report, with 11 analysts raising their previous price targets. The lowest price target is now $140, while our W.D. Gann first price level is $144.Longby AlgoTradeAlert2
NVDA possible wave 5 completion Let's look at the stages of the NVDA rally and match them with the Elliot wave forecast posted at 500. Below are notes from a post at the time with the pics inserted of the moves since then. (Please note - this analysis was done pre-split so we'll have to account for that. Overall persistent rally to 800 - 850. A choppy market and some sort of false reversal at 850. Low around 700. There should be bad news around here, but it’s a big buy the dip. Crazy strong run through to 1,000. Some sort of spike out of 1,200 (Can be up to 25%, giving 1,250). A drop under 1,000. 1,000 holds retest. Crash one to 700. Bounce to around 900. Drop to around 350. These four stages may be the next parts of the move. This would complete the full Elliot wave 1-5 for the uptrend and ABC for the dump. Shortby holeyprofit8832
Nvidia next moveNote that strategy doesn't respect any pair,the only thing that you need to do is to know how to use it where to use it,I always tell my students that if you wanna be a friend of the trend don't against it,but generate liquidity into position,Nvidia is preparing for 130 coming weeks,monitor it find yourself good entry point wish you all profitable week#(GAME OF PATIENCE)Longby mulaudzimpho2
Nvidia is Going to ZERO. AI Will Not Change the World.Hello Everyone, Anybody buying NVDA at these levels will suffer the same fate as the Intel (INTC) buyers during the Dotcom bubble. Chances are Jun 20, 2024 was the top and so far we have been making lower highs and lower lows. Weekly timeframe shows a bearish engulfing, however we will need a confirmation dump candle with another follow through candle to confirm further dumping as shown in the chart above. Massive bearish divergence on weekly and the RSI might be confirming a lower high for the third divergence. This bearish engulfing candle can be cancelled if we can't close below the candle next week. Whether we still trade around these levels for a little bit longer or dump now, eventually NVDA will be headed towards $5-$10 during this upcoming recession. The NVDA hype will die during this recession and everybody is going to forget about it and will have many competitors in the future. We may never see NVDA this high again in our lifetime.by justaturboman44442
NVDA Will Rip Off After EarningsNVDA is forming a downward wedge pattern. It is now hugging the green support line from January 2023. At around 97, it will fill the gap formed after May 2024 earnings. The region around 100 is .618 Fib retracement area. 95 is a huge support. The green circle is the sweet spot of all these confluences. Around next earnings, NVDA will come out of the wedge pattern, get support of 200 MA, rip off upwards and not look back for some time. Longby RS3175Updated 2323214
NVDAIn a previous post, I plotted George Bayer's "Egg of Columbus" cycle coding suggesting a top. Days later and since then we have witnessed the next phase of constant "P" and "S" which follows after the feast. We witnessed the dump and now double top. Soon the cascade. Analysts are describing reasons why they think its suddenly come down. Sales, projection models, Bearish news, etc... Simple, it's too expensive and priced in to sell and take profits. We will likely see sharp drops with sudden areas of distribution for the rest of the year. Sept/Oct may see more panic selling as holders try to liquidate before others do. Bag holders are likely be stuck for the next year and adding to position until cash positive again years later because they believe in the company. Read George Bayers coding to help recognize where you are in the present cycle and you may agreed. The bottom will not be seen until the "soup" phase, the quasi double bottom with a higher low. At what price? You will know when everyone is thinking you are insane for starting to accumulate when nobody else would. Till then, we watch the drama unfold and the crazy excuses as to why it's happening. The answer is simple...price ahead of time. What say you?? Trade safe. M~ I am 100% wrong...Shortby mnovo4