NVDA Update: Potential Trend Reversal

For NVDA holders; NVDA has been in a strong downtrend, forming a series of lower highs and lower lows.

The price recently tested a key demand zone (114.49 - 117.07), showing signs of a possible reversal.

Breaking the supply zone (120.02 - 124.79) would be a bullish confirmation.
A breakout above 127.87 ( last swing High) would further confirm that the downtrend is over and a new impulsive move is beginning.

The price is challenging the downtrend line at the moment, and a strong breakout could trigger a strong rally.

✅ Bullish Signs to watch:

Break above 120 = Confirmation of strength
Break above 124.79 = Bullish breakout
Break above 127.87 = Strong confirmation for trend reversal

🚨 Bearish Signs:

Rejection at 120 or 124.79 could lead to further downside.
A drop below 114 would invalidate the bullish thesis.

"Amateurs focus on how much money they can make. Professionals focus on how much they can lose." – Jack Schwager

🚨 Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly. 🚨