Technical Analysis & Options Outlook
📌 Current Price: $118.79
📌 Trend: Reversal in Progress with Key Resistance Ahead
📌 Timeframe: 1-Hour
Price Action & Market Structure
1. Bullish Reversal Underway – NVDA bounced strongly from the $115 demand zone, forming a higher low structure.
2. Break of Structure (BOS) Confirmed – Buyers took control, pushing above recent resistance.
3. Change of Character (ChoCh) Detected – Indicating a shift from bearish to bullish momentum.
4. Key Trendline Test – NVDA is now pressing against the upper trendline resistance, a crucial level for either breakout or rejection.
5. MACD & Stoch RSI – Showing bullish momentum, but approaching overbought conditions, signaling possible short-term consolidation.
Key Reversal Detection & Trendline Details to Watch
* Reversal Zone Detection – The red box indicates the prior liquidity grab area, where sellers were exhausted, leading to the current reversal.
* Trendline Resistance – The current uptrend is testing the diagonal resistance level. If NVDA clears $120–$122, it may lead to an acceleration toward $125–$130.
* Trendline Support – If rejected at $120, expect support retests at $115, followed by $110 PUT Wall support if selling pressure returns.
Key Levels to Watch
📍 Immediate Resistance:
🔹 $120 – $122 (Trendline & Minor Resistance)
🔹 $125 – $130 (CALL Resistance Zone)
🔹 $135 – Major Gamma Target Level
📍 Immediate Support:
🔻 $115 – 2nd PUT Wall Support
🔻 $110 – Highest PUT Support & Major Reversal Zone
🔻 $104.77 – Critical Downside Risk Level
Options Flow & GEX Sentiment
* IVR: 24.5 (Low Implied Volatility, favoring directional moves)
* IVx: 50.5 (-6.71%) (Declining volatility)
* GEX (Gamma Exposure): Bearish Bias, but improving
* CALL Walls: $125 & $130 (Potential take-profit zones)
* PUT Walls: $115 & $110 (High liquidity zones where buyers may step in)
📌 Options Insight:
* Above $120, NVDA could see a momentum breakout toward $125+, forcing dealers to hedge by buying shares.
* Below $115, risk increases for a test of $110 PUT Wall, where liquidity is concentrated.
My Thoughts & Trade Recommendation
🚀 Bullish Case: A breakout above $120 could accelerate NVDA into $125–$130 due to CALL gamma buildup.
⚠️ Bearish Case: If NVDA fails at $120 and loses $115, expect a retest of $110, which aligns with major PUT support.
Trade Idea (For Educational Purposes)
📌 Bullish Play:
🔹 Entry: Above $120 Breakout
🔹 Target: $125–$130
🔹 Stop Loss: Below $115
📌 Bearish Play (Hedge Idea):
🔻 Entry: Rejection at $120
🔻 Target: $115 – $110
🔻 Stop Loss: Above $122
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.
Final Thoughts
NVDA is in a critical breakout zone. A strong move above $120 could lead to a sharp rally, while failure could send it back toward $115–$110 for a potential retest. Stay patient and watch for confirmation before entering a position.
📌 Current Price: $118.79
📌 Trend: Reversal in Progress with Key Resistance Ahead
📌 Timeframe: 1-Hour
Price Action & Market Structure
1. Bullish Reversal Underway – NVDA bounced strongly from the $115 demand zone, forming a higher low structure.
2. Break of Structure (BOS) Confirmed – Buyers took control, pushing above recent resistance.
3. Change of Character (ChoCh) Detected – Indicating a shift from bearish to bullish momentum.
4. Key Trendline Test – NVDA is now pressing against the upper trendline resistance, a crucial level for either breakout or rejection.
5. MACD & Stoch RSI – Showing bullish momentum, but approaching overbought conditions, signaling possible short-term consolidation.
Key Reversal Detection & Trendline Details to Watch
* Reversal Zone Detection – The red box indicates the prior liquidity grab area, where sellers were exhausted, leading to the current reversal.
* Trendline Resistance – The current uptrend is testing the diagonal resistance level. If NVDA clears $120–$122, it may lead to an acceleration toward $125–$130.
* Trendline Support – If rejected at $120, expect support retests at $115, followed by $110 PUT Wall support if selling pressure returns.
Key Levels to Watch
📍 Immediate Resistance:
🔹 $120 – $122 (Trendline & Minor Resistance)
🔹 $125 – $130 (CALL Resistance Zone)
🔹 $135 – Major Gamma Target Level
📍 Immediate Support:
🔻 $115 – 2nd PUT Wall Support
🔻 $110 – Highest PUT Support & Major Reversal Zone
🔻 $104.77 – Critical Downside Risk Level
Options Flow & GEX Sentiment
* IVR: 24.5 (Low Implied Volatility, favoring directional moves)
* IVx: 50.5 (-6.71%) (Declining volatility)
* GEX (Gamma Exposure): Bearish Bias, but improving
* CALL Walls: $125 & $130 (Potential take-profit zones)
* PUT Walls: $115 & $110 (High liquidity zones where buyers may step in)
📌 Options Insight:
* Above $120, NVDA could see a momentum breakout toward $125+, forcing dealers to hedge by buying shares.
* Below $115, risk increases for a test of $110 PUT Wall, where liquidity is concentrated.
My Thoughts & Trade Recommendation
🚀 Bullish Case: A breakout above $120 could accelerate NVDA into $125–$130 due to CALL gamma buildup.
⚠️ Bearish Case: If NVDA fails at $120 and loses $115, expect a retest of $110, which aligns with major PUT support.
Trade Idea (For Educational Purposes)
📌 Bullish Play:
🔹 Entry: Above $120 Breakout
🔹 Target: $125–$130
🔹 Stop Loss: Below $115
📌 Bearish Play (Hedge Idea):
🔻 Entry: Rejection at $120
🔻 Target: $115 – $110
🔻 Stop Loss: Above $122
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.
Final Thoughts
NVDA is in a critical breakout zone. A strong move above $120 could lead to a sharp rally, while failure could send it back toward $115–$110 for a potential retest. Stay patient and watch for confirmation before entering a position.
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.
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.