What makes me cautious is that the H4 structure has not been fully repaired. Price remains trapped below $211, while recent rallies lack momentum and volume does not show strong buyer participation.
If NVDA continues to stay below $211, corrective pressure may return, sending price back to test $205 first, followed by the psychological $200 zone. This will be the key area to determine whether the previous uptrend is still being defended or if the market is entering a deeper distribution phase.
With the current chart, I lean toward a bearish retest of support first. Only a clear H4 close above $211 would give the short-term structure a better chance to turn positive.
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