1-Hour Chart Technical View
Nvidia’s 1-hour chart shows clear short-term weakness. After failing near $182.5, price has been trending down and now hovers around $175.15. MACD remains deep in negative territory and Stoch RSI is oversold, hinting at potential for a short-term bounce but no confirmed reversal yet.
* Immediate Support: $172.5 (high-volume node and HVL 09/19)
* Secondary Support: $170 and $166.5
* Resistance: $177.7 and $182.5 are key overhead levels for any rebound
Price is trading under both 9 and 21 EMA, confirming a short-term bearish structure until a clean reclaim above $177.7.
GEX & Options Flow
Options positioning highlights mixed sentiment with cautious call interest:
* Call Walls: $177.5 (2nd call wall), $182.5 (highest positive NET GEX / gamma resistance), and $185.
* Put Walls: $170 and $165 (significant downside hedges).
* GEX Bias: Around 23.5% calls with IVR at 5.7 (IVx ~40.8). This relatively low IVR shows option premiums are moderate despite the pullback.
Dealers may support the $172.5 area, but below that, gamma exposure flips bearish and accelerates downside risk.
Trade Thoughts & Suggestions
* Swing Idea: Aggressive buyers can nibble near $172.5 with a tight stop below $170, aiming for a relief bounce to $177.7–$182.5.
* Scalp Idea: Short bounces into $177.7 resistance if momentum stays weak, or scalp quick long entries off a confirmed double-bottom near $172.5.
* Bearish Scenario: A decisive break under $170 could accelerate selling toward $166.5.
Quick Take
NVDA is in a corrective phase. For Sept 17, all eyes are on $172.5. Holding that level can spark an oversold bounce; losing it could open the door to deeper downside.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
Nvidia’s 1-hour chart shows clear short-term weakness. After failing near $182.5, price has been trending down and now hovers around $175.15. MACD remains deep in negative territory and Stoch RSI is oversold, hinting at potential for a short-term bounce but no confirmed reversal yet.
* Immediate Support: $172.5 (high-volume node and HVL 09/19)
* Secondary Support: $170 and $166.5
* Resistance: $177.7 and $182.5 are key overhead levels for any rebound
Price is trading under both 9 and 21 EMA, confirming a short-term bearish structure until a clean reclaim above $177.7.
GEX & Options Flow
Options positioning highlights mixed sentiment with cautious call interest:
* Call Walls: $177.5 (2nd call wall), $182.5 (highest positive NET GEX / gamma resistance), and $185.
* Put Walls: $170 and $165 (significant downside hedges).
* GEX Bias: Around 23.5% calls with IVR at 5.7 (IVx ~40.8). This relatively low IVR shows option premiums are moderate despite the pullback.
Dealers may support the $172.5 area, but below that, gamma exposure flips bearish and accelerates downside risk.
Trade Thoughts & Suggestions
* Swing Idea: Aggressive buyers can nibble near $172.5 with a tight stop below $170, aiming for a relief bounce to $177.7–$182.5.
* Scalp Idea: Short bounces into $177.7 resistance if momentum stays weak, or scalp quick long entries off a confirmed double-bottom near $172.5.
* Bearish Scenario: A decisive break under $170 could accelerate selling toward $166.5.
Quick Take
NVDA is in a corrective phase. For Sept 17, all eyes are on $172.5. Holding that level can spark an oversold bounce; losing it could open the door to deeper downside.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
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.