NVDA โ TA + GEX Confluence for August 13, 202530-Minute Price Action
NVDA is trading in a tight consolidation range near $183.86, repeatedly testing resistance without a confirmed breakout.
* Resistance: $183.86 โ multiple tests with no close above, forming the top of the range.
* Support: $182.06 โ intraday pivot; $179.11 โ deeper support and prior demand zone.
* Indicators:
* MACD is flat, reflecting indecision and reduced momentum.
* Stoch RSI is mid-range, suggesting room for either a breakout or a fade depending on market catalysts.
1-Hour GEX Insights
* Highest Positive NET GEX / Gamma Wall: $183.86 โ matches perfectly with 30m resistance, showing strong hedging activity.
* Call Walls Above: $187.5 (2nd gamma wall), $190 (major call wall & 3rd gamma level).
* Put Support: $177.5 (1st defense), $175 (stronger floor), $172.5 (secondary gamma floor).
* IVR: 16.2 โ relatively low implied volatility rank, keeping long option premiums reasonable.
TA + GEX Combined Read
The 30m chartโs repeated tests of $183.86 line up exactly with the largest GEX wall on the 1h chart.
* A breakout above $183.86 could trigger gamma-driven momentum into $187.5 and potentially $190 if volume supports.
* A rejection at $183.86 could bring a retest of $182.06, and if that fails, a move toward $179.11 and $177.5 GEX support.
Trading Scenarios for August 13
* Bullish Breakout: Long calls or debit spreads above $184 targeting $187.5โ$190.
* Bearish Rejection: Puts or put spreads if $183.86 rejects and $182.06 breaks, targeting $179.11โ$177.5.
* Neutral Range: Credit spreads between $179โ$184 may work if consolidation continues, but be ready to close early on breakout.
ReasoningโจThe 30m chartโs tight range reflects market indecision, but the 1h GEX data highlights $183.86 as a key pivot for tomorrow. Breaks above this level open the path to the next gamma cluster, while rejection keeps NVDA in range or triggers a pullback toward strong GEX-supported floors.
