Using CRT analysis on NVDA for week of Dec
Weekly chart show that last week Manipulation phase (AMD - Accumulation, Manipulation, Distribution) should be over and starting this week, we should see it going distribution phase)
based on daily chart, if NVDA can close above 139.35 with a body candle close for the daily on Monday, creating a Change of character (CHOCH), retest 139.35 (CHOCH), the overall direction for NVDA should change bullish towards ATH to take out Liquidity at 149.51 - 152.89 range.
Candle Range Theory is commonly used in Forex and Futures trading. I am testing out based on my own analysis so please take it with a pinch of salt. Thank you.
Note: this is not financial advice. i am using Candle Range Theory (weekly candles) to test out my prediction. Always rem, 70% is based on technicals and 30% is news related. We can’t control any news that may come in the future.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I ain’t any guru… i follow technicals and trend line of the market
491
Followers
27
Following
4657
Visitors
Follow
Jordan Mak : Support , because there is no reason to go down ..
OceansWave OP Jordan Mak : Tbh, Technical Analysis is pretty interesting. Though we may not always be 100% right, but most of the time the market moves based on patterns and trends.