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My more or less tick version of the 5 minute says we can't put two days together into a trend. Great time for day trading not so hot for position trading.
It's a measured move up. Pink area is the 100% text book target.
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Pretty obvious three high volume nodes today, Now the question becomes will the red green alternating days continue or will NVIDIA Wednesday break the pattern?
Possible head and shoulders top (red arrows), say 51% chances.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.