Short NVIDIA at the current price, with #nvda; set the stop-loss above the previous high. The stop-loss is less than 2%.
Reason: The 4-hour timeframe has already formed a divergence. If this breaks to a new high here, it will create a 1-hour timeframe divergence—see Figure 2.
Also, this is the area where the trend line is suppressing, and it’s a resistance zone.
With so many signals, if you don’t short here, then when?!
Reason: The 4-hour timeframe has already formed a divergence. If this breaks to a new high here, it will create a 1-hour timeframe divergence—see Figure 2.
Also, this is the area where the trend line is suppressing, and it’s a resistance zone.
With so many signals, if you don’t short here, then when?!
