Considering the robustness of the bullish trend and the swift progress of NVDA , opportunities for current favorable buying setups have been infrequent throughout 2024
Current entries are generating risk-to-reward ratios that are considerably advantageous. This is substantiated by examining the short distance between the current price and the stop loss (depicted as a white point on the graph), calculated considering three key factors: momentum, support levels, and volatility (computed on a 4-hour time frame). Additionally, two of my in-house indicators, which assess technical strength (AST Scoring) and a proxy variable to gauge probability (Ramdom Variable), indicate that in the 4-hour time frame, the market structure offers a highly favorable entry point. The convergence of these factors underscores the strength of the current opportunity.
The combination of these factors indicates a compelling opportunity for a strategic entry into the market, aligning with the overall bullish trajectory. This is a rare occurrence in 2024, and the present circumstances provide an attractive risk-reward profile for potential investors.
In summary, the opportunity is to initiate long positions at the current levels, anticipating a retest of historical highs and potentially even surpassing them. Implementing a stop-loss or risk control measure is advisable if the market consistently trades below the white point on the 4-hour chart, and ideally, on the daily chart for enhanced risk management.
Legal Disclaimer: The information provided in this commentary does not constitute financial advice or an investment recommendation. All opinions expressed are solely for informational purposes and should not be construed as a guarantee of future results. Investing in financial markets involves risks, and readers are advised to conduct their own research and seek professional advice before making financial decisions. The author and any related entities are not liable for any losses, damages, or inconveniences that may arise from the use of this information. Past performance is not indicative of future results. Please be aware that financial markets are volatile and can change rapidly. It is recommended to exercise due diligence and employ risk management tools when making investment decisions.
トレード終了: 利益確定目標に到達
After a successful rally to new highs in this morning's pre-market, our in-house AST indicator warns of a shift in operating conditions .
I elaborate further on a new idea just published separately.