NVDA Swept Its April Floor And Reclaimed It In One Session
NVDA broke below 191.23 - the level that has floored every pullback since April - touched 189.80, then bought straight back above it and is pressing toward 197.6 pre-market. The snapback looks like strength, but the selling pressure that has defined this stock for weeks has not eased. The same bearish read that drove price down here is still the dominant one, unchanged through the bounce, and it has not shown a single crack. A reclaim after a stop run can mark a bottom, or it can be the setup for the next leg lower. Until 199.89 is back overhead and held, the sellers still own this.
Resistance: 198.47-199.01 - the shelf right above price
Key resistance: 199.89 - the broken thesis line, now overhead and unreclaimed
Current price: 197.6
Support: 191.23 - the April floor, swept and reclaimed this session
Key support: 189.80 - today's stop-run low
Structural floor: open air toward 184 below the wick
Two paths from here:
The bounce fails at the shelf. A rejection in the 198.47-199.89 band keeps the Hourly bear print clean at CQI 82 with no anti-signal, which means the system is still fully behind its own call. Vol Elev is pinned at the 3rd percentile - this move has no volume under it, just price covering ground on thin participation. That points back at 191.23 and the 189.80 wick, then open air toward 184.
The sweep was the bottom. A clean reclaim of 199.89 and hold would be the first real challenge the bear print has faced in four sessions, and a sweep-and-reclaim of a multi-month floor is a textbook failed breakdown. This needs the Hourly conviction to roll off 82 and Vol Elev to climb off the floor on real buying. Without that, a poke above 199 is range, not a break, and the shelf caps it.
The Hourly bear read has held above CQI 82 for four straight sessions, the longest sustained high-conviction print on any instrument this cycle, and it carried through a floor sweep without flinching. Either 199.89 breaks it today, or the bounce dies at the shelf and the print runs to 184.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
NVDA broke below 191.23 - the level that has floored every pullback since April - touched 189.80, then bought straight back above it and is pressing toward 197.6 pre-market. The snapback looks like strength, but the selling pressure that has defined this stock for weeks has not eased. The same bearish read that drove price down here is still the dominant one, unchanged through the bounce, and it has not shown a single crack. A reclaim after a stop run can mark a bottom, or it can be the setup for the next leg lower. Until 199.89 is back overhead and held, the sellers still own this.
Resistance: 198.47-199.01 - the shelf right above price
Key resistance: 199.89 - the broken thesis line, now overhead and unreclaimed
Current price: 197.6
Support: 191.23 - the April floor, swept and reclaimed this session
Key support: 189.80 - today's stop-run low
Structural floor: open air toward 184 below the wick
Two paths from here:
The bounce fails at the shelf. A rejection in the 198.47-199.89 band keeps the Hourly bear print clean at CQI 82 with no anti-signal, which means the system is still fully behind its own call. Vol Elev is pinned at the 3rd percentile - this move has no volume under it, just price covering ground on thin participation. That points back at 191.23 and the 189.80 wick, then open air toward 184.
The sweep was the bottom. A clean reclaim of 199.89 and hold would be the first real challenge the bear print has faced in four sessions, and a sweep-and-reclaim of a multi-month floor is a textbook failed breakdown. This needs the Hourly conviction to roll off 82 and Vol Elev to climb off the floor on real buying. Without that, a poke above 199 is range, not a break, and the shelf caps it.
The Hourly bear read has held above CQI 82 for four straight sessions, the longest sustained high-conviction print on any instrument this cycle, and it carried through a floor sweep without flinching. Either 199.89 breaks it today, or the bounce dies at the shelf and the print runs to 184.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
Note
The recovery path fired. 199.89 reclaimed, hourly bear read flipped.The morning framed two paths: the bounce fails at the 199.89 shelf, or the 191.23 sweep was the bottom and a reclaim of 199.89 flips it. The reclaim fired. Price took back 199.89 and closed 200.09, up 2.63%, and the volume that was missing this morning finally showed - buying pressure ran from the bottom of its range to the 87th percentile. The 85-bar hourly bear read didn't stall, it got replaced by a fresh bull print. But the daily bear call is still standing, so this is an hourly reversal the daily hasn't confirmed yet, and the new bull print is only 2 bars old and already flagging itself. 189.80 was the low.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
Mapping macro structure, custom indicators, and radial geometry.
📊 View my published scripts: tradingview.com/u/virDeStratera/
📊 View my published scripts: tradingview.com/u/virDeStratera/
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Mapping macro structure, custom indicators, and radial geometry.
📊 View my published scripts: tradingview.com/u/virDeStratera/
📊 View my published scripts: tradingview.com/u/virDeStratera/
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.