๐ $NVDA (NVIDIA) - 4H
Bullish breakout above the previous macro HH ($235.00), projecting an expansion candle with strong momentum that reached a new local HH (Higher High) at $237.95. It is trading at $237.12 (+0.79%), with buyers reabsorbing above the recently reclaimed flipped support to continue price discovery on the 4H timeframe.
๐น Key Levels:
โข Resistance: $237.95 (HH / New Immediate Candle High) | $240.00 - $244.00 (Psychological Resistance / Macro Bullish Projection)
โข Support: $235.00 - $235.26 (Broken Previous HH / Immediate Support Flip) | $231.00 - $233.50 (QML / Broken Decision Block) | $225.97 (Macro Structural Base RBS)
๐ Scenarios:
Bullish: Holding the 4H candle body above $235.00 (Broken HH) and breaking through $237.95 will confirm continued upward momentum, targeting an expansion range of $240.00โ$244.00.
Bearish: Losing the $235.00 flip zone on a candle close would trigger a deeper pullback and retest toward the prior decision zone at $231.00โ$233.50 (QML), seeking supply reabsorption before attempting a new expansion structure.
#TradFi
Bullish breakout above the previous macro HH ($235.00), projecting an expansion candle with strong momentum that reached a new local HH (Higher High) at $237.95. It is trading at $237.12 (+0.79%), with buyers reabsorbing above the recently reclaimed flipped support to continue price discovery on the 4H timeframe.
๐น Key Levels:
โข Resistance: $237.95 (HH / New Immediate Candle High) | $240.00 - $244.00 (Psychological Resistance / Macro Bullish Projection)
โข Support: $235.00 - $235.26 (Broken Previous HH / Immediate Support Flip) | $231.00 - $233.50 (QML / Broken Decision Block) | $225.97 (Macro Structural Base RBS)
๐ Scenarios:
Bullish: Holding the 4H candle body above $235.00 (Broken HH) and breaking through $237.95 will confirm continued upward momentum, targeting an expansion range of $240.00โ$244.00.
Bearish: Losing the $235.00 flip zone on a candle close would trigger a deeper pullback and retest toward the prior decision zone at $231.00โ$233.50 (QML), seeking supply reabsorption before attempting a new expansion structure.
#TradFi
