Okay, let's analyze this quickly.
Because the current Bull Momentum of @Nvidia is in harmony, we need to wait for the price to react (badly) to the green line on the chart before considering a SELL.
On the flip side, since the price is currently respecting the resistance line of the previous horizontal channel, we will have to wait before considering a BUY. (Actually, if you're holding a BUY order from before and set a stop loss accurately - a stop loss level below the green line, you still have a decent profit.)
WHAT A WISE TRADER DOES?
Kinda boring to remind you of this for the third time in the day, but … stay put may be the best decision.
Because the current Bull Momentum of @Nvidia is in harmony, we need to wait for the price to react (badly) to the green line on the chart before considering a SELL.
On the flip side, since the price is currently respecting the resistance line of the previous horizontal channel, we will have to wait before considering a BUY. (Actually, if you're holding a BUY order from before and set a stop loss accurately - a stop loss level below the green line, you still have a decent profit.)
WHAT A WISE TRADER DOES?
Kinda boring to remind you of this for the third time in the day, but … stay put may be the best decision.
- If you're holding a Buy position: Move the stop loss to a safe point to preserve profits.
- If you're holding a Sell position: Uhm... set the stop loss carefully.
- If you haven't done anything yet? Well, just continue not doing anything!
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