Hey Trader,
Hawkeye WideBar Nails Every Significant NVDA Price Pivot YTD 2024
Anthony Speciale here with Hawkeye Traders. I hope you're doing well and thriving in your trading journey.
Today, I want to revisit a topic I covered in a video on June 21st, where I made a rather bold prediction about Nvidia.
At that time, I pointed out a significant wide bar on the chart, suggesting that Nvidia could be setting up for a major high.
Fast forward to now, and the market has indeed followed through on that projection.
Let’s take a closer look at how this unfolded and what it can teach us about the vital relationship between volume and price action.
The Significance of Wide Bars
In trading, Hawkeye WideBars represent areas of abnormal price movement, often accompanied by significant volume.
These are critical moments that can indicate potential turning points in the market. In Nvidia’s case, we saw a wide bar on June 21st that led to a substantial decline.
Since then, the stock has dropped over 21%, testing key support levels along the way.
This wasn’t just a random occurrence. If you look at Nvidia’s chart over the past year, every wide bar has had a meaningful impact on the stock’s subsequent price action.
Whether it’s pushing prices higher or lower, these wide bars, when paired with volume analysis, offer powerful insights into what the market is likely to do next.
The Key to Consistent Trading Success
Understanding the relationship between volume and price action isn’t just about making one good call.
It’s about consistently identifying high-probability setups across all timeframes and asset classes.
Whether you’re trading stocks, futures, forex, or cryptocurrencies, the interaction between volume and price remains a constant—one that can greatly enhance your trading results.
In my 13 years of trading, I’ve learned that the most reliable indicator isn’t some complex software or obscure metric.
By understanding who the dominant party is at any given time—buyers or sellers—you gain a crucial edge in predicting market movements.
Why You Need to Master This Relationship
If you haven’t yet explored this critical aspect of trading, or if you feel your understanding is incomplete, I want to help you take your skills to the next level.
The good news is, mastering this relationship doesn’t require years of experience or advanced mathematical skills.
To that end, I’d like to invite you to join me for an upcoming training webinar.
In this session, we’ll dive deep into the dynamics of volume and price action, exploring how you can apply these insights to your own trading.
Whether you’re a day trader, swing trader, or long-term investor, this knowledge is vital to your success.
How to Get Started
Click Here to register for the webinar.
Once you’ve joined, we’ll walk through how to populate the Hawkeye Volume Indicators on your trading platform—whether you’re using TradeStation, TradingView, NinjaTrader, or MetaTrader.
You’ll also gain access to the Hawkeye Volume Mastery Series, where you can learn at your own pace and deepen your understanding of this crucial relationship.
The goal is to equip you with the tools and knowledge you need to make informed, confident trading decisions.
Before you know it, you’ll be able to clear away the clutter of lagging indicators and focus on what really matters: the interplay between volume and price.
I’m looking forward to seeing you in the webinar and helping you unlock the full potential of your trading strategy.
Remember, the market’s intentions are there for you to see—you just need to know how to read them.
See you in the webinar.
Stay informed, stay focused and stay disciplined ! ! !
Thank you for reading, and I look forward to seeing you in our next session . . .
God bless, and have a wonderful day!
If you have any questions or need further guidance, please don't hesitate . . . info@specialeanalysis.com May the markets be ever in your favor!
Happy Trading,
Speciale Analysis
About the Author:
Anthony Speciale is a seasoned market analyst with over 13 years of experience trading. Through his platform, Speciale Analysis, he offers in-depth market analysis, interpretation, and expectations designed to help all types of traders, at every skill levels reach their full potential.
Analysis, Interpretation & Expectations
Day, Swing & Position Trade Analysis
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NOTE: Trading involves significant risk, and it's essential to approach it with a well-defined strategy and a disciplined mindset. This blog post is intended for educational purposes and should not be considered financial advice. Always conduct your own research and consult with a professional before making an financial decisions. For further risk related information, please refer to: www.specialeanalysis.com/disclaimer
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