Technical analysis by benjihyam about Symbol NVDAX: Sell recommendation (6/23/2025)

NVDA has now topped, you can see that we've just formed another high time frame lower high and the rejection up here has the potential to create a strong bearish move. I think it's very likely that the bearish move will take us all the way down to the bottom support before it's completed. The bounce from the bottom went higher than I initially thought it would (which is why I'm creating a new chart), but price can't escape gravity and the same outcome is inevitable. Let's see how it plays out over the coming weeks.Bought some 8/15 $60P to express this view at $.06Added $142P for 6/27 here.Added 7/31 $100P, more to 8/15 $60PTook another swing at it today being we had the pivot on Friday and price looks like it's rolling over now. 10/17 $85P