Technical analysis by ProSignalai about Symbol NVDAX: Buy recommendation (18 hour ago)

Looking at NVDA on the 1H chart, the broader market structure has been bullish for weeks, consistently printing higher highs and higher lows. That trend began to weaken when a Change of Character (CHoCH) printed at $183.97, as sellers managed to break through a minor higher low. This was later followed by a Break of Structure (BOS) at $173.89, confirming that momentum has shifted bearish in the short term and opening the door for a deeper pullback within the larger bullish context. The demand zones beneath price show where buyers previously acted decisively. Around $173–$175, buyers stepped in with strength, sending price higher toward $183. A deeper demand base sits around $165–$167, which looks very strong because it was the origin of the rally that established the higher highs earlier in August. On the supply side, the $179–$182 band is strong as sellers rejected price from this level multiple times, producing sharp downward moves. Inside the marked region, price is currently sliding lower, retracing into nearby demand just above $175. If buyers defend this level, a bounce into the $179–$181 supply is likely. However, should the $173 support give way, sellers could extend control and drive price into the $167–$165 demand area before the next meaningful reaction. The trade bias right now is short-term bearish, looking for a pullback into demand before a relief bounce. The invalidation level for this view sits at $183; a clean reclaim above that would reestablish bullish continuation and negate the bearish structure shift. Momentum currently favors sellers, as shown by the impulsive downside move, but if a bullish engulfing or rejection wick forms off $175 demand, that would signal buyer strength returning.