NVDA 📊 SETUP OVERVIEWWe're executing a Bullish Pullback Strategy on a critical support-resistance confluence. This is a textbook "hit the ATR line and bounce" scenario where the SuperTrend indicator is our getaway vehicle. 🏎️ Current price at $178.88 gives us perfect positioning for a swing trade execution.
🎪 THE PLAN - TWO ENTRY SCENARIOS
SCENARIO A - THE BOLD ENTRY 💎
Entry Zone: Breakout & retest of $191.00 resistance level
Signal: Candle closes above resistance + volume confirmation
Why it works: This is the "vault door breaking open" moment
Stop Loss: $180.00 (tight 11 point risk)
Time Frame: Daily/4H confluence
SCENARIO B - THE PATIENT OPERATOR 🧊
Entry Zone: SuperTrend ATR pullback at $170.00 support level
Signal: ATR line hold + Bullish divergence confirmation
Why it works: Lower risk entry with proven bounce potential
Stop Loss: $160.00 (controlled 10 point risk)
Time Frame: 4H/1H sweet spot
🎯 TARGET ZONES - WHERE WE CASH OUT 💸
PRIMARY TARGET: $210.00
⚠️ ALERT: "The police force is waiting" - This zone acts as:
Multi-timeframe resistance confluence
Overbought territory warning zone
Historical trap level where profit-takers enter
ACTION: Take 50% profits here, trail the rest
PROFIT PROTECTION STRATEGY:
Once we hit $210, watch for:
Volume spike rejection (trap confirmation)
Reversal candlestick patterns
Resistance test failure
📈 TECHNICAL ANALYSIS BREAKDOWN
Indicator Setup 🔧
SuperTrend ATR: Defines trend direction + dynamic support/resistance
Volume Profile: Validates breakout + entry strength
RSI Divergence: Identifies pullback completion zones
Support Levels: $170.00 | $160.00 (Major floor)
Resistance Levels: $191.00 | $210.00 (Major ceiling)
Risk/Reward Ratio:
Scenario A: 1:2.7 (11 risk to 30 reward) ✅
Scenario B: 1:4.0 (10 risk to 40 reward) ✅
🔗 CORRELATED PAIRS TO WATCH
Monitor these for confirmation signals:
1. QQQ (Nasdaq-100 ETF)
Correlation: +0.95 (Nearly perfect positive correlation)
Key Level: Watch $600 resistance - confirms tech strength
Why: NVDA leads the Mag 7 rally
2. SPY (S&P 500 ETF)
Correlation: +0.78 (Strong positive correlation)
Key Level: $600-610 zone shows overall market health
Why: Risk appetite indicator for mega-cap growth stocks
3. SMCI (Super Micro Computer)
Correlation: +0.89 (High positive correlation)
Key Level: $40-42 breakout validates AI infrastructure spending
Why: AI capex proxy - moves with NVDA cycles
4.AMD (Advanced Micro Devices)
Correlation: +0.72 (Strong positive correlation)
Key Level: $130-135 resistance shows GPU competition metrics
Why: Sector competitor - watch for relative weakness/strength
5.
AVGO (Broadcom Inc.)Correlation: +0.85 (High positive correlation)
Key Level: $295-300 shows networking demand strength
Why: Infrastructure enabler for AI data centers
📊 CORRELATION INTERPRETATION: If
QQQ and 
SPY are strengthening while 
AMD weakens, NVDA gets the premium → UP bias increases. Inverse action = caution.
