NVDA LongBroader Market Structure
NVDA has been in a short-term bullish corrective structure after forming a BOS at $179.91, which marked the end of the prior bearish leg. Since that break, price has been forming higher lows and higher highs on the intraday structure. However, the most recent swing into the $194–$195 supply produced a sharp rejection, showing that the bullish structure is still counter-trend relative to the larger bearish swing from the $202–$205 highs. No new CHoCH has printed yet, but the aggressive selloff from $195 signals a potential short-term shift in control back toward sellers unless demand holds.
Supply & Demand Zones
The upper supply zone at $194–$195 remains strong; price dropped sharply from this level with long-bodied bearish candles, showing active institutional selling and low willingness from buyers to absorb orders. The deeper supply above, between $199–$202, is an even stronger zone because it originated the major downside impulse that broke structure.
On the buy side, the demand at $185–$183 previously showed clear strength—buyers stepped in aggressively and pushed price upward with momentum—which tells us the zone still carries validity. The lower demand between $181–$178 is even more important, as it’s the origin of the BOS at $179.91 and represents the last confirmed defensive line for bulls.
Price Action Within the Marked Region
Price is currently falling from the $195 rejection and heading toward the $185–$183 demand you marked. Candles show increasing wick size on the way down, suggesting early signs of selling exhaustion but not yet a reversal. As price enters this demand, we should see either absorption or continuation. If buyers defend the zone as they did previously, a corrective bounce toward $192–$194 is likely. If demand fails, price will unwind quickly into the deeper $181–$178 liquidity pocket.
Expectation, Bias & Invalidation
Trade bias: short-term bullish, expecting price to dip into demand and bounce into the lower supply.
Expected direction: a pullback into $185–$183, followed by a rally into $192–$194.
Invalidation: a clean close below $183, which would signal sellers have regained full control and shift the outlook to bearish continuation toward $181–$178.
Momentum & Candle Behavior
Momentum currently favors sellers, given the fast drop from supply, but the decline is becoming more controlled—suggesting momentum is fading as price approaches demand. No confirming reversal candles have appeared yet; we will need to see a long-wick rejection, engulfing candle, or clear absorption footprint at demand to confirm the bounce scenario.
