Based off fibextensions a key way to call a potential top is a full extension move.
4.236 usually in 90% of times can call a top of a big parobolic move.
If you look at BTC for example to draw a fib exnesntion of a high of sideways channel to low of the channel it gave us a 73k 4.236 extension which exactly topped it to A T
Now on NVdA of course this would of been excellent to run a while back when we broke 188 but don’t we always wish we could of done this. At some point I wil master it…
Anyways nvda had a range from 188.60 to a low of 108.82
If we put a fib from high to low of that channel this gives us an extension moveX
Off of this alone this leads NVDa to a 441.23 4.236 extension.
Will this be the exact top of NVdA?!?
Obvisouly don’t bet your life on this. I will 10000% be attempting this idea of a 3 month out 441 put as an idea.
Do your own TA. Not investment advice and only bet what your willing lose/ put a stoploss on whatever ammount your ok with losing after getting filled. I will risk about 150$ on this trade. If we break above 444 I will probably say I am wrong and wait for a differnt chance or when the story isn’t as hot.
Jumping in front of a moving trade is very very risky as well as calling tops. I am willing to risk 150$ Howver to test this theory !! Good luck I’ll be waiting for my 441-440 entry
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.