NVDA Pinned Between 200 and 212 - 218 or 184 up next?

▪️ NVDA H1 SNAPSHOT — EXECUTIVE SUMMARY

▪️ NVDA is currently trading near 203.54, holding just above a strong support shelf after failing to reclaim overhead supply. Market structure is consolidating, with price pinned between a well-defended floor below and moderate resistance above.
▪️ Primary outlook is neutral-to-constructive — the reaction at 200.00 is the key tell. While that shelf holds, buyers can attempt another push higher; losing it exposes the deeper demand stack below.

▪️ Key resistance zone: 212.00, where sellers have defended 18 times and are expected to lean again on first test. Above that sits 218.00 as the extended ceiling.
▪️ Major support / defense line: 200.00 — a strong level at 22 retests. Holding here keeps the bullish attempt alive; a decisive break below opens the door for a corrective slide.
▪️ Primary downside targets: 190.50, then 184.50, where liquidity and demand are stacked.
▪️ Major liquidity magnet below: 184.50–178.70 — this zone could trigger a strong bounce or reversal once tested.

▪️ Bullish scenario: If buyers reclaim and hold above 212.00, the path opens toward 218.00 as the primary upside objective.

▪️ KEY LEVELS

RESISTANCEs
▪️ 218.00 — ★ 4.5 Weak · 9 retests
▪️ 212.00 — ★★ 6.4 Moderate · 18 retests
▪️ Current Price: 203.54

SUPPORTs
▪️ 200.00 — ★★★ 7.3 Strong · 22 retests
▪️ 190.50 — ★★★ 7.7 Strong · 32 retests
▪️ 184.50 — ★ 4.6 Weak · 46 retests
▪️ 178.70 — ★ 4.5 Weak · 48 retests

ProjectSyndicate Levels Desk — Overview of key S/R zones for NVDA, NQ, ES, GC & JPN225 traders every week. Subscribe to stay up to date with the latest levels.