If you are long, make sure you have either stops or at the very least price alerts set up for $185 incase it breaks.Ĭonsidering the wicks we had today both to the upside and downside on the 4 hour chart, things are very indecisive at the moment so I am ok with simply continuing to monitor.Īlso, if this level does break down and confirm, a retest of $178 would be in store. HOWEVER, beware that if you open below this level tomorrow, or confirm a 4 hour candle close below this level, all bets are off and you would be wise to keep patient and allow the price action to play out as risk below the. It is in my opinion that as long as we hold where we are currently, entries for a long is fair game.
Keep an eye on the open tomorrow, as this asset is still most likely trying to regain its footing after what has been a very volatile past 2 weeks. For now it has found itself above this level after bouncing beautifully off of the floor of the fib extension at around $178.Īs always, I am waiting patient for a full body candle close above our. 236 fib level, which is now $185 approximately. Once it adjusted and all of the speculative traders jumped ship, Nvidia found itself spending most of the day battling at our. So things got a little weird today at the open with the stock split as many traders checked their holdings to see NVDA down -70% today.
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