NVDA is currently trading around 213.30 and is consolidating inside a tight decision zone after a sharp move up and pullback.
Price is holding above the key 0.618 Fibonacci retracement at 212.24, which keeps the short-term bullish structure alive. However, NVDA is still struggling to reclaim the 0.50 Fib level at 213.50 and has repeated resistance overhead near 214.00–214.75.
The chart is showing compression/coiling, meaning the next higher-probability trade should come from a confirmed breakout or breakdown rather than entering in the middle of the range.
Key Levels
Bullish breakout zone:
214.75
A clean break and hold above 214.75 could open a move toward:
216.31 → 217.57 → 218.83
Current battle zone:
212.24–214.75
This is the chop zone. Avoid forcing trades here unless scalping with tight risk.
Bearish breakdown zone:
212.24
A strong loss of 212.24 could shift momentum bearish and open downside toward:
210.45 → 209.72 → 208.17
Indicator Read
MACD is flattening and attempting to curl upward, but bullish momentum has not fully confirmed yet.
RSI is neutral, showing room for either direction.
Volume has faded compared to the initial breakout move, so continuation needs fresh buying volume above resistance.
Trading Plan
Calls: Only consider above 214.75, or after price reclaims 213.50 and shows strong continuation.
Puts: Consider below 212.24, especially if price closes below that level with strong red volume.
No-trade zone: Between 212.24 and 214.75 unless taking quick scalps.
Bias
Current bias is neutral to slightly bullish while price holds above 212.24, but confirmation is needed above 214.75 before taking a serious call setup.
Main plan:
Wait for the range to break.
Above 214.75 = bullish continuation.
Below 212.24 = bearish rotation.
This is purely chart-based educational analysis and not financial advice.
Price is holding above the key 0.618 Fibonacci retracement at 212.24, which keeps the short-term bullish structure alive. However, NVDA is still struggling to reclaim the 0.50 Fib level at 213.50 and has repeated resistance overhead near 214.00–214.75.
The chart is showing compression/coiling, meaning the next higher-probability trade should come from a confirmed breakout or breakdown rather than entering in the middle of the range.
Key Levels
Bullish breakout zone:
214.75
A clean break and hold above 214.75 could open a move toward:
216.31 → 217.57 → 218.83
Current battle zone:
212.24–214.75
This is the chop zone. Avoid forcing trades here unless scalping with tight risk.
Bearish breakdown zone:
212.24
A strong loss of 212.24 could shift momentum bearish and open downside toward:
210.45 → 209.72 → 208.17
Indicator Read
MACD is flattening and attempting to curl upward, but bullish momentum has not fully confirmed yet.
RSI is neutral, showing room for either direction.
Volume has faded compared to the initial breakout move, so continuation needs fresh buying volume above resistance.
Trading Plan
Calls: Only consider above 214.75, or after price reclaims 213.50 and shows strong continuation.
Puts: Consider below 212.24, especially if price closes below that level with strong red volume.
No-trade zone: Between 212.24 and 214.75 unless taking quick scalps.
Bias
Current bias is neutral to slightly bullish while price holds above 212.24, but confirmation is needed above 214.75 before taking a serious call setup.
Main plan:
Wait for the range to break.
Above 214.75 = bullish continuation.
Below 212.24 = bearish rotation.
This is purely chart-based educational analysis and not financial advice.
Trade closed: target reached
NVDA 4/29 $207.50 Put scalp — closed +36.54%. Trade was based on morning analysis showing rejection near upper resistance/supply, fading momentum, and price struggling around the fib retracement zone. Entry was a bearish momentum/flow scalp, not a long-term directional bet. Took profit quickly as premium expanded from $0.52 to $0.71. Good execution, disciplined exit, and avoided holding too long into chop/theta decay. This is not financial advice — journaling trade execution only.
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.