Price has recently shown multiple Breaks of Structure (BoS) to the upside, suggesting a potential shift in market sentiment. After a liquidity sweep of the prior low, price began forming higher highs and higher lows.
Currently trading around $116.62, NVDA may revisit the demand zone between $107.99–$110 (highlighted in green) before resuming bullish momentum. If that level holds, we could see a continuation towards the $129.41 target zone, aligning with prior market structure and supply.
This setup aligns with smart money concepts—monitor for confirmation at the demand zone before entering long.
Currently trading around $116.62, NVDA may revisit the demand zone between $107.99–$110 (highlighted in green) before resuming bullish momentum. If that level holds, we could see a continuation towards the $129.41 target zone, aligning with prior market structure and supply.
This setup aligns with smart money concepts—monitor for confirmation at the demand zone before entering long.
Trade closed: target reached
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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.