📍 We’ve arrived.
NVDA has reached the key reversal zone where sellers previously took control. This is the third touch, and markets rarely leave these zones without a fight.
🔍 Technical Setup:
Price has retraced to prior breakdown level.
MACD is trying to cross bullish — momentum building.
Sellers should defend here… but the recent AI narrative and Gulf chip deals could fuel a breakout.
If sellers fail to show up, we may blow straight through this level toward new highs.
NVDA has reached the key reversal zone where sellers previously took control. This is the third touch, and markets rarely leave these zones without a fight.🔍 Technical Setup:
Price has retraced to prior breakdown level.
MACD is trying to cross bullish — momentum building.
Sellers should defend here… but the recent AI narrative and Gulf chip deals could fuel a breakout.
If sellers fail to show up, we may blow straight through this level toward new highs.
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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.