NVDA is going down for a while ...

NVDA is continuing downward. I have the target as being around middle of October or later.

I used the Heikin Ashi candles:
1: They show more of a directional movement.
2: They tend to filter out the market noise, so you can see the direction better.
3: it reduces false signals, allowing you to stay in the trade longer.
4: And it also gives a smoother appearance making it easier to see the trends and reversals.

My stops are:
1) the high of the previous Heikin Ashi candlestick,
2) 2 green Heikin Ashi candlesticks,
3) a specific dollar amount for a total loss for my trade or
4) a specific dollar amount per contract.

If it hits one of those stops, I am out of my trade.
Typically, I would wait until there are 2 red daily Heikin Ashi candlesticks before entering which it has shown as of today.

I use the MacD, the Stock RSI and the DMI to assist me with the direction of the market. I am not perfect at them.

I personally find:
* the 5 minute indicators typically represents what will happen in the next half and hour.
* the 10 minute indicators typically represents what will happen in the next hour.
* the 30 minute indicators typically represents what will happen in the daily.
* and, the hour indicators typically represents what will happen in the next week.

If you look at the weekly indicators, they are bearish already which shows a longer term directional movement.

Trade at your own risk, make sure you have stops in place and only use 10% of your trading account, so that if you are wrong, you will not blow up your account.

Happy trading!