NVDA Collapsed Through The Entire Base. Down 5%.

NVDA Collapsed Through The Entire Base. Down 5%.

This is the big move. Speaking back to Monday: the coil above 207.59 was winding tight and the warning was that it would resolve sharply. It resolved down, violently. NVDA did not just lose 207.59 - it collapsed through 204.82 and the twice-defended 202.20 base and is trading 194.84, down five percent, at levels not seen in weeks. The breakout was a full trap. Volatility exploded to the 99th percentile and the daily swept its high just before. There is no support being defended yet - price is in discovery. Neutral, and this is not a level to guess at.

Resistance: 202.20 - the lost base, now far overhead
Key resistance: 204.82 - deeper resistance
Current price: 194.84
Support: 193.19 - the session low
Key support: 190.60 - next shelf down
Structural floor: 188.90 - deeper support

Two paths from here:

It finds support near 193 and stabilizes. A five percent flush can exhaust itself. If 193 holds and price bases, the worst of the drop may be in and a bounce back toward the 199 to 202 zone becomes possible. But it has to prove a floor first.

The flush continues lower. A clean break of the entire base with volatility at the 99th percentile is a momentum event, and those tend to overshoot. A loss of 193 opens 190 and below. Falling knives do not have levels until they stop.

The tight coil we flagged resolved exactly as warned - sharply - and the direction was down, through everything. NVDA gave back weeks in a single session. This is a discovery move, not a setup; the job now is to let it find a floor, not to catch it.

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Study, not financial advice.