$NVDA lost its primary ascending trendline after printing a textbook lower high rejection at the $230 supply ceiling, trapped beneath the $234 cycle peak.
The $226.80 neckline has flipped into immediate overhead resistance. With the diagonal bull trendline broken, there is no meaningful high-timeframe structural support between current levels and the $210 macro demand floor. Any minor pause around $222 is weak liquidity. The real institutional bid sits at $210, where the entire September rally originated.
Execution setup:
- Short Reload: $226.50 to $227.50 on the retest wick
- Primary Target: $210.00
- Hard Stop: Any 4H candle close above $230.50
The projection path looks for a brief relief retest into the broken trendline followed by an expansion flush into $210. Stand aside on long bids until the $210 macro shelf is tested.
The $226.80 neckline has flipped into immediate overhead resistance. With the diagonal bull trendline broken, there is no meaningful high-timeframe structural support between current levels and the $210 macro demand floor. Any minor pause around $222 is weak liquidity. The real institutional bid sits at $210, where the entire September rally originated.
Execution setup:
- Short Reload: $226.50 to $227.50 on the retest wick
- Primary Target: $210.00
- Hard Stop: Any 4H candle close above $230.50
The projection path looks for a brief relief retest into the broken trendline followed by an expansion flush into $210. Stand aside on long bids until the $210 macro shelf is tested.
