NVIDIA 1-week analysis and predictions using Swing Trading patterns + ELI5

Hello friends,

Stoked to finally start the tech analysis course!

I will be explaining everything using TradingView.

If you still don’t have access to it, you can find out how to get grandfathered into the 60% off the Premium annual TradingView plan forever here. You need the Premium tier to use all the features that I’m using.

You can use the 30-day trial to follow the course.

Edit: I included an ELI5 in the end.

But first, a poll

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The very basics for people who never used this stuff

1. Go to the SuperChart screener: https://www.tradingview.com/chart/

2. Top-left corner, change the ticker to NVDA and choose the NASDAQ stock.

   

3. Now click “5D” at the bottom-left of the screen to see the week view. You can use your mouse scroll to zoom in and out to adjust the timeframe and drag the chart with the left mouse button to see the past. I like to zoom out a bit.

   

   The market is not open yet in this screenshot, hence it says “Pre” there. I like to zoom out a bit at first to see what was happening over the last 10-14 days when I’m doing my weekly trading. I also like to look at the stock before the market is open so that I’m not influenced by what is happening in real-time. I usually only focus on analyzing 1 stock/day including reading the news, fundamental, and technical analysis.

4. Now let’s get to the real stuff!

TradingView’s AI AutoCharting

1. I f**cing love this thing. This stuff used to take us hours 10 years ago.

2. Click 1D time frame or zoom in. Zoom out a bit to see about 2 days all-in-all. These are the most recent events that happened to the stock. (I apologize to those of you who are advanced, but I want to make this accessible to everyone)

3. At the top bar, click “Indicators”, then “Technicals”, then “Patterns”, and finally “All Chart Patterns.” Add it to favorites

   

4. And from now on TradingView’s AI will do the job for me and detect the most useful patterns and indicators on the graph for me

   

5. Now what can we see here already?

Patterns Detected by AutoChart AI

1. Falling Wedge (Left Side)

   • Bullish Reversal: Indicates the price is likely to break upwards.

2. Bullish Triangle (Center)

   • Bullish Continuation: Price likely to continue its upward trend after consolidation.

3. BoT Bottom 2 (Center-Left)

   • Bullish Reversal: Double bottom pattern suggesting an upward move.

4. Rectangle (Center)

   • Consolidation: Price trading within a range, breakout direction will determine the trend.

5. Falling Wedge (Center-Right)

   • Bullish Reversal: Another indication of a likely upward break.

6. Bullish Flag (Right Side)

   • Bullish Continuation: After consolidation, the price is expected to continue rising.

Targets

• Targets (Green and Blue Labels): Indicate projected price levels based on pattern breakouts.

These patterns suggest potential bullish movements for NVIDIA Corporation (NVDA) following periods of consolidation or reversal points.

And all of this takes AI a few second to analyze. In my opinion this function is a game changer when it comes to stock analytics.

If your chart becomes too crowded, you can always hide or remove indicators or patterns using these icons on the top-left:

Now let’s move on to the main point of this lesson - longer term Swing Trading indicators and patterns.