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welcome everyone to hfn also known as news where we trade different we're here to give you all a different perspective on where the trap is headed we're not here to confuse you we're not here to give you any of that confusing jargon that some of people don't realize how to trade we're here to give you a prediction to forecast simplistically alright so before i get into this video for nvidia this is your first time watching our video make sure you hit the like button share the video subscribe to the channel this is the only location to where we give you all something beneficial something to look forward to as to where the market is headed now for our perspective this is what we do this is what we're all about we look at where the trap is headed so we can get a position before he takes the price there this is the only way that you're able to get the purpose out the market and maintain profitability because you're able to read what he's going to do so on today's video it's about the video and you guys can see from our last video i think it was uh september 18th was the last time we did a video a video in the video you guys can see what our expectations were we expected the market to go higher in price i'd even think i told you that the market may even make or attempt to make all-time highs and you guys can see it as i zoom in on this chart three days the 12th 13th and then on the 14th the market in the video tried to inch a little bit higher and make all-time highs it didn't happen though but either way four and a quarter percent back here when we did our video on the 18th of september could have been bagged we could have taken that out of the trap's hand and pasted it back into our account because we were in position we saw this coming right before the market actually got there if he was able to hold a little bit longer i mean at the very top at least 15 profitability could have been had at the whole time well during the 12 13 the 14th at least so from four and a quarter all the way up to around 15 was all profitability from september the 18th all the way to where we at right now well until october the 14th now that's done you know that's past cannot dwell on that we need to look for we need in the position as to where the trap is heading now so the first thing i'm gonna do i'm gonna zoom out and i want to show you something because what changed did anything change into the market in nvidia this particular stock has been in a massive uptrend right a very strong uptrend this market nvidia has been in i mean we started this uptrend back in april of 2020 market kept going higher and higher what happened though because this market the trap was following this line that i got drawn on my chart what happened over the last three trading days we broke that trend so we need to reevaluate whether or not nvidia is going to come back and trade alongside this trend because it's broke the trend is now broken so right now from our perspective from our camp we're not looking for in the video go higher right now so once you x that out the way we only have two more areas that the traffic can go which is sideways and lower price those are the two areas that we need to focus in on right now okay so in this video we're going to look at which one seems more feasible sideways or lower movement looking at the video on the three-day chart we are in a downtrend okay don't let no one else tell you different this market in the video is in a downtrend five day chart let's take a look at that again the market in the video is in a downtrend now i'm going to show you two areas to where restriction lies and support lies i'm going to get rid of this trend right here since it's now broken is irrelevant now so i'm going to show you the first restriction area in the market for in the video and it's right around this area here okay so this means this horizontal line right here simply means that we're not going to look for any bullishness until we see this market in nvidia break up above it okay let me take a look at this on a different time frame i'm going to bring it up just a tad around 530.
okay it's a little bit better for us okay so here we are 530 is restriction in the market for nvidia okay so now where do you think the market support is if you said around 480 you are correct that is where the support area lies into the market for nvidia now it's not precise it's in around 480. okay so this is what the consolidation area looks like for nvidia this is where the market can move sideways in between these two horizontal lines now we're in a downtrend which simply means we're coming into this area of trading now can the trap maintain the sideways consolidation trailer we're going to break this to the downside we need to figure that out okay so here we are looking at the mark on the five-day chart in the video we're still in a downtrend weekly time frame what do you think the market's going to do now yeah you think it's going to go lower i'm in the same boat as you i still see weakness here in the market for the video especially how we ended last week and one of the things we need to focus in on is right here november the 18th that's where the market individual is going to have ernie's and the trap he always plays on events so he's prepping what he's looking for the market to do now we might come down to 480 okay we'll come down to 480 over the next couple of trading days prior to ernie's release and then we'll bounce the market here 480 higher okay i can definitely see that occurring around november the 18th or november the 16th for sure okay but for the time being we're going to play the weakest into the market in the video we still see a little bit of weakness here in this particular stock so let's do it let's go ahead and get into position we're going to go ahead and show you our expectations into the market for in the video that restriction area is around five twenty five thirty okay and our support area is around four eighty so we're going to go ahead and do a tp around this vicinity now might not be precise but it's close 480 okay four and a half percent is what will tp the market but i'm going to lower it just a tad just to give us a little bit more leeway for an extension just in case the market especially in the nasdaq gets overwhelmed with a lot of selling okay so this is our expectation this is our prediction 480 is our tp price we could come down to 460.
but 480 is more realistic so that was your turn this is our prediction give us yours is nvidia a sale or is it a buy tell us with a comment in the comment section and that's how we roll we get in a position we're here and now we sit back and wait and let the trap perform questions comments let us know make sure you maintain a profitability and trade different you
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