After an extended distribution phase near the premium zone and a clear break of the ascending channel, NVDA has shifted into a bearish market structure.
Price is currently pulling back into a key supply zone and retesting the bearish trendline. If this area holds, we could see further downside movement with the following targets:
🔻 $88.47 – potential support and short-term consolidation area.
🔻 $41.79 – medium-term target if bearish momentum continues and support breaks.
This bearish outlook remains valid as long as price stays below $153.99, which marks the invalidation level and the potential start of a bullish reversal.
🔍 Market structure is showing consistent lower highs and lower lows, confirming bearish pressure.
Price is currently pulling back into a key supply zone and retesting the bearish trendline. If this area holds, we could see further downside movement with the following targets:
🔻 $88.47 – potential support and short-term consolidation area.
🔻 $41.79 – medium-term target if bearish momentum continues and support breaks.
This bearish outlook remains valid as long as price stays below $153.99, which marks the invalidation level and the potential start of a bullish reversal.
🔍 Market structure is showing consistent lower highs and lower lows, confirming bearish pressure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.