NVIDIA appears to have traced out an ending diagonal in the 5th wave of the current rally. This also coincides nicely with the extremity of the price channel. If the diagonal is indeed complete, then we should see a swift reversal to the origin of the diagonal, around the 205 area, with further bearish potential given the diagonal will 'finish off' the recent...
Data are starting to provide weight to the idea that BAE could soon be on the move. Bollinger bands have tightened up, we have today flirted with the lower band and 38% retracement level - Which way will it go?
I like the momentum divergence coupled with the Stochastic entering the lower bound - this has compelled me to take a position, albeit with a tight stop...
Could this be the next fractal developing? Would be a beautiful way to close that gap! Touched the 62% retracement today, with some nice momentum divergence on show over the past few weeks.
