kriske9 - yes and no, things like that depend on the time frames
you are trading. NVDA bounced off support on the daily chart
and on the 5 min there was MACD divergence and a small wedge, so a
day trader would have taken a short on the 5 min and a short term
trader would have bought support. Now if it makes a lower
higher after this bounce is the question, I have not looked at the
bigger charts that much on it. Short analysis, yes this is an
example of where one could have logically bought support for a
trade at least, how far it goes is up in the air
SOX Daily Updated View
Posted by steve on 29th of Nov 2017 at 11:43 am
$SOX - Chart Link
Is this a buying opportunity?
Posted by kriske9 on 29th of Nov 2017 at 12:38 pm
kriske9 - yes and no,
Posted by matt on 29th of Nov 2017 at 12:48 pm
kriske9 - yes and no, things like that depend on the time frames you are trading. NVDA bounced off support on the daily chart and on the 5 min there was MACD divergence and a small wedge, so a day trader would have taken a short on the 5 min and a short term trader would have bought support. Now if it makes a lower higher after this bounce is the question, I have not looked at the bigger charts that much on it. Short analysis, yes this is an example of where one could have logically bought support for a trade at least, how far it goes is up in the air
Matt, Thank you for the
Posted by kriske9 on 29th of Nov 2017 at 01:20 pm
Matt, Thank you for the quick response.
NVDA has a bounce setup
Posted by steve on 29th of Nov 2017 at 12:46 pm
NVDA has a bounce setup earlier on its 5 minute chart
Thanks for this one guys
Posted by nicole4 on 29th of Nov 2017 at 11:48 am
Thanks for this one guys I took the trade the other day!
SPY is wave 5 finally
Posted by lamb on 29th of Nov 2017 at 11:54 am
SPY is wave 5 finally complete