NVDAX

NVIDIA Corporation (NVDA) broke this week the $5 Trillion market cap barrier, becoming the first company to do so. In the meantime, it is extending the rally that started on the April 07 Low on the 1W MA100 (green trend-line), following the end of the Tariff War. This rally has been nothing more than a part of the larger technical Bullish Leg inside the 10-year Channel Up that NVIDIA has been trading in. Within this pattern, the price has had rather asymmetric Bullish Legs in terms of rise % but has always been rejected at the top of the Channel Up and corrected back to the 1W MA200 (orange trend-line). Following the mid-Bullish Leg corrections to the 1W MA50 (blue trend-line), the final rallies of the Bullish Legs before their Tops have been around +200%. Then their corrections/ Bearish Legs have always hit the 1W MA200 (as mentioned), with one time bottoming just above the 0.382 Fibonacci retracement level and the other below it (0.5 Fib). We previously had NVIDIA's top at around $240, which is slightly below this expected +200% rise from the 1W MA100 bottom. As a result, we project that a potential contact with the 1W MA200 for the 2026 Bearish Leg can be achieved around $100, which is above the 0.382 Fib, similar to 2018. Note that a very reliable Top indicator has also been the 1M RSI and its 9-year Lower Highs Zone. Every time the RSI entered the Zone and then broke below its MA (yellow trend-line) and rebounded, the next hit was the Bullish Leg's Top. Right now the 1M RSI is about to enter this Zone for the second time, indicating that we may be approaching the end of this long-term rally. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Anticipating a retracement on NVDA to 180 area with the lack of government funding and no crypto solution to the financial monetary system of the world. Nov 5th catalyst to larger drop for the broader market SPY QQQ and NVDA

This monthly corrective pattern is wild — a nosedive from $300 to $3 (yep, you read that right). Maybe China, maybe aliens, who knows! But the real story is the aftermath — scoop up millions at $3 and you’re officially a billionaire (on paper, at least).

NVDA’s daily chart remains firmly bullish after a clean breakout from a multi-month rectangle. Price is riding a MA20 > MA60 > MA120 stack, Bollinger Bands are expanding, and MACD momentum has flipped higher. The last close near $207.04 came on strong breadth, keeping buyers in control while price consolidates just under the recent high. Primary path: look for a controlled pullback into the former ceiling at $198.00–$202.00 to act as demand. A constructive reaction there keeps the breakout intact and favors a grind into $210–$215 first, with the measured move pointing toward $225 as momentum persists. Alternatively, strength can skip the retest— a decisive daily close above $212.19 would confirm continuation and unlock the same upside roadmap. Invalidation sits below the range top: a daily close back under $195.00 would negate the breakout and re-open downside toward the prior consolidation zone, with risk of a slide toward the $188 area if sellers press. Until then, the bias stays bullish with $198.00–$202.00 as the key line in the sand and $212.19 the trigger for fresh highs. This is a study, not financial advice. Manage risk and invalidations

Nvidia is making more upside this week, now trading above the 200 level on optimism that the US and China could reach a tariff deal. From an Elliott Wave perspective, the stock still appears to be in wave five, with an extended higher-degree black wave three now approaching its first resistance around the 38.2% projection. If risk-on sentiment continues, the price may even retest the upper side of the Elliott Wave channel near the 230 area. This suggests that Nvidia could be entering an important zone where the higher-degree black wave three might complete, followed later by a deeper fourth-wave retracement before more upside resumes. So, I would stay patient and watch for a possible dip toward the 164–185 area once wave four begins. Highlights: Trend: Ongoing uptrend; wave five still in progress Potential: Reaching 230 resistance before wave four pullback Support: 164–185 zone Invalidation: Below 164 Note: Watch for signs of exhaustion near 230; next deep could offer new opportunity

A mere 24 hours after Apple become the third company in history to reach a $4 trillion valuation, NVIDIA set a new benchmark by becoming the first company ever to register a market capitalisation of $5 trillion. Despite concerns about over extended valuations, the news flow for NVIDIA was initially positive to start this new week as the company attempts to solidify its future at the centre of the potential AI revolution. CEO Jensen Huang revealed the company had received $500 billion of AI chip orders, including contracts to build supercomputers for the US government and then President Trump commented on Wednesday that NVIDIA’s latest Blackwell chips could be a discussion point when he meets with President Xi at Thursday’s summit in South Korea. Putting this into numbers, after opening on Monday at 189.25, the stock soared 12% across the first 3 trading days to a high of 212.19 on Wednesday. That move brought its year-to-date rally to 54%, very impressive indeed! Although, it must be said that prices did slip back to close the day at 207.04. However, overnight the positive sentiment may have stalled slightly, the Federal Reserve cut interest rates 25bps as expected but Chairman Powell provided a more cautious outlook on future cuts than had been anticipated. Also, earnings from Alphabet, Microsoft and Meta released late on Wednesday were mixed, with strong profits offset by rising costs. Looking forward, the initial updates from the President Trump and President Xi meeting has started to arrive on newswires and traders will be keen to assess the actual details of what was discussed about NVIDIA chip sales between the two countries. A crucial aspect could be whether sales of NVIDIA’s latest Blackwell chip was discussed and if not, what were the reasons why. Then it’s eyes down for the release of Amazon and Apple earnings after the close tonight which could either confirm the recent bullish moves or throw a sentiment curve ball which could negatively impact in positioning into the weekend. Technical Update: Acceleration Higher Shifts Focus to Extension Resistance In just six trading sessions, NVIDIA's share price has rallied over 20%, reaching fresh all-time highs. Such a rapid acceleration can often signal strong momentum but also raises the risk of short-term upside exhaustion, although it's difficult to pinpoint where such moves might slow or even see risks of possible reversal. In this environment, traders might monitor support and resistance levels, with resistance zones signalling potential for profit-taking, while breaks below support could lead to further price weakness. [b Potential Resistance Levels: As price action pushes into uncharted territory with new all-time highs, identifying resistance becomes a challenge. However, traders often turn to Fibonacci extension levels, derived from the most recent correction, to highlight potential areas where upside momentum may slow or even reverse. As the chart above shows, for NVIDIA, this last correction developed between October 10th and October 22nd and the latest strength appears to be stalling in the short term ahead of 213.23, a level equal to the 100% Fibonacci extension. There is no guarantee such extension levels will be successful in capping price strength and closing breaks above the 213.23 resistance may shift focus to 220.14, which is the higher 138.2% extension level. Potential Support Levels: To maintain NVIDIA’s current price strength, traders may now be focused on Wednesday’s low at 204.78 as near-term support; if price weakness tests this level, its defense will be watched, as a closing break below 204.78 could trigger further downside pressure. A close below 204.78 could lead to tests of 198.59, the 38.2% Fibonacci retracement of the October 22nd to 29th rally, but if that support gives way, risks may extend toward 194.39, the deeper 50% retracement level. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.

Bearish markets test the mettle of every trader—but they also sharpen strategy and reveal hidden potential. Success lies in recognizing resistance zones, anticipating trend shifts, and enforcing disciplined risk controls like stop-losses and diversified holdings. Staying informed on macroeconomic developments—such as fiscal policy, global trade dynamics, and central bank signals—adds a crucial layer of foresight. Rather than fearing downturns, seasoned traders view them as setups for future gains. With patience, adaptability, and a clear-eyed strategy, every dip becomes a stepping stone toward long-term resilience.

- NVDA opened with the upward gap - Likely to rise to resistance level 215.00 NVDA stock opened today with the sharp upward gap, which follows the earlier breakout of the resistance zone between the resistance levels 193.75 and 200.00. The breakout of the these resistance levels accelerated the active impulse wave iii of the extended intermediate impulse sequence 5 from April Given the overriding daily uptrend, NVDA can be expected to rise to the next resistance level 215.00 (target price for the completion of the active impulse wave iii).

NVIDIA on an amazing run!, still some room to go. The daily, weekly & monthly look good, and November could be explosive. NVIDIA have been doing big deals every week, so no stopping it. $220 could come soon, then let's see what happens into earnings. sell off? or more good news?

No question that this is a blow off top. Where does it end? Premarket open above the BB channel on Day and Week view.