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Is NVidia Topping?
Chaos Clinic For 6/28/2024
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There is no doubt that NVidia stock has done well the past few years. This chart
shows its growth. Its recent 10:1 split has re-scaled prices to a useful range,
in that it can be mapped to a wheel of 360.
I have put possible move numbers for an up Chaos Clamshell. I used the rainbow
of EXMAs as a guide. Note how moves 2 and 4 bottomed on the EXMAs. One
can also see the increasing strength of the move on the pullbacks.
Move 2 dipped below all the EXMAs. Move 4 dipped to the 144 day EXMA, Move 6
got support on the 72 day EXMA.
I've also overlaid a geometric growth curve over part of the chart, The base
starts on 5/26/2023. The curve starts rising geometrically, catching up with
price during the postulated move 7. This power curve is just over 1 year long.
This suggests NVidia is due for a pullback. One should watch the EXMAs
to track this pullback.
For more on my work and to subscribe to Tomorrow's Market Email Hotline and access to daytradingforecasts.com see
Moneytide.com
Software to plot electric field flux lines in NinjaTrader is available at
energyfieldtrading.com
6/28/2024 12:07:05 PM MT Al****:: gone flat; I'm done-thanks for coming-see you next week-take some courses
6/28/2024 11:17:30 AM MT Al****:: my sell was based on seeing price fall back from the
upper Larson band and +T180 flux
my cover was based on seeing the 45 degree move and
the time and deciding to take it while I had it
6/28/2024 11:13:49 AM MT Al****:: my trade was a short from 5574 to 5542 for +32
6/28/2024 10:57:49 AM MT Al****:: this is the T090 timeline and second MoonTide trade-I covered my short
6/28/2024 10:54:55 AM MT Al****:: you can see that 45 degree move on the Secret->esnat72 chart yellow vibe to yellow vibe
6/28/2024 10:46:56 AM MT Al****:: that's a 45 degree move-could go another 45
6/28/2024 10:45:15 AM MT Al****:: prices topped on the Moon +T180 electric field flux
now down to the +T135 flux
6/28/2024 10:42:47 AM MT Al****:: on SPKISS the bars are colored magenta (down) by the 36/220 EXMAs
those who are short can trail a stop at the 220
6/28/2024 9:35:08 AM MT Al****:: an astute trader may have gotten more by covering when prices hit the upper Larson band near 5583
6/28/2024 9:31:54 AM MT Al****:: that may be important longer term
meanwhile chart 3 on SPKISS page shows the first MoonTide trade
a buy about 5565 and a stop exit for about +12
6/28/2024 9:26:31 AM MT Al****:: on the Pro 1K and 4K charts the top row first chart shows a half circle of a possible fireball top
6/28/2024 8:37:49 AM MT Al****:: this is a test of the 6/20 high
6/28/2024 8:30:20 AM MT Al****:: the energy source for this sharp move are the two vertical lines on the Secret esnat72 chart
6/28/2024 6:40:42 AM MT Al****:: Good Morning visitors. Welcome to the Chaos Clinic.
The written Chaos Clinic is on the AUX page.
This site has a lot of charts,
so you may find it useful to have several of them available within your
browser. If you have a tabbed browser, you can open separate charts
in separate tabs by right clicking on any link, and selecting "open in new tab"
from the menu. The main list of site pages is at
http://daytradingforecasts.com/chartlistsec.asp
Recommended pages to watch are SPKISS, MTRainbow, and Chat.
For astro stuff, add SPSunMoon, Wheel, and Chaos Clinic.
A special set of Dr. Al's research charts are on the Secret page.
Comments in the chat room are announced by a
"duck call" noise. This noise also occurs when the software detects a
resonant hex pattern on the Wheel page. MoonTide trading tutorials
are on the right side of the ListOfCharts page. One should
read Trading the MoonTide Tutorial and Keep it Simple as a minimum.
Many subscribers do not strictly trade the MoonTides, but use the charts on this
site as input to their own trading strategies. For example, charts 5 and 6 on the
SPKiss page are a good starting point for swing traders.
Also on this site is the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
6/28/2024 5:28:35 AM MT oag****:: Good morning everyone! Hope everyone has a prosperous day!
9:00 Eastern-System: No comments