183.30 - 184.82 heavy resistance (12/21ema) as price fell below it in November and the past two weekly candles seen clear rejection wicks from it.
Currently trading right on the POC now and it’s looking likely it’ll trade back towards VAL next week.
If I was to look for a HTF swing long entry on this I’ll probably look towards this weekly 50 EMA / 50 MA / PML around 170.06-170.56 which would be a 20% drawdown from ATH.
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$NVDA weekly
183.30 - 184.82 heavy resistance (12/21ema) as price fell below it in November and the past two weekly candles seen clear rejection wicks from it.
Currently trading right on the POC now and it’s looking likely it’ll trade back towards VAL next week.
If I was to look for a HTF swing long entry on this I’ll probably look towards this weekly 50 EMA / 50 MA / PML around 170.06-170.56 which would be a 20% drawdown from ATH.