This chart of NVIDIA Corporation (NVDA) as of June 3, 2025, shows a technical analysis scenario forecasting a possible bearish reversal. The price action, zones, and arrows suggest a setup based on supply and demand zones.
Key Elements in the Chart:
🔴 Supply Zone (Resistance Area)
Location: Around $141.73 to ~$144
Observation: The price recently entered this red-shaded area, indicating strong historical resistance.
Implication: The area is expected to act as a ceiling, where sellers may overwhelm buyers, causing a reversal.
⚫ Price Reaction:
The chart shows price approaching and briefly piercing the supply zone, followed by a bearish candle or rejection (as indicated by the top arrow).
Arrows project a downward movement, suggesting bearish sentiment.
🟢 Demand Zone (Support Area)
Location: Approximately $114–$121
Observation: This green-shaded area acted as a base for a previous upward move.
Implication: It is likely to act as a strong support if the price drops significantly.
Projected Price Path:
Short-term reversal from the resistance zone (~$144).
Initial drop to mid $130s (likely a lower high or minor support).
Continuation to demand zone around $116, completing the projected bearish move.
Technical Interpretation:
This setup is a classic supply and demand reversal strategy.
Confirmation of the short setup may require:
A clear rejection candle at resistance.
Break of minor support levels on the way down.
Risk for bulls is high near resistance; short sellers may find opportunities targeting the demand zone.
Key Elements in the Chart:
🔴 Supply Zone (Resistance Area)
Location: Around $141.73 to ~$144
Observation: The price recently entered this red-shaded area, indicating strong historical resistance.
Implication: The area is expected to act as a ceiling, where sellers may overwhelm buyers, causing a reversal.
⚫ Price Reaction:
The chart shows price approaching and briefly piercing the supply zone, followed by a bearish candle or rejection (as indicated by the top arrow).
Arrows project a downward movement, suggesting bearish sentiment.
🟢 Demand Zone (Support Area)
Location: Approximately $114–$121
Observation: This green-shaded area acted as a base for a previous upward move.
Implication: It is likely to act as a strong support if the price drops significantly.
Projected Price Path:
Short-term reversal from the resistance zone (~$144).
Initial drop to mid $130s (likely a lower high or minor support).
Continuation to demand zone around $116, completing the projected bearish move.
Technical Interpretation:
This setup is a classic supply and demand reversal strategy.
Confirmation of the short setup may require:
A clear rejection candle at resistance.
Break of minor support levels on the way down.
Risk for bulls is high near resistance; short sellers may find opportunities targeting the demand zone.
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Market Analyst | Forex Mentor | XAUUSD Specialist
Services Offered:
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• 1-on-1 Mentorship
• Professional Forex Course
• Affiliate Program
• Strategic Partnerships
Link to Join
t.me/ZareeFxTradingSignals
Services Offered:
• VIP Signals
• 1-on-1 Mentorship
• Professional Forex Course
• Affiliate Program
• Strategic Partnerships
Link to Join
t.me/ZareeFxTradingSignals
Related publications
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.