NVDA - Critical Point right now! Back to 150 OR we make new high

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📊 NVDA – Multi-Timeframe Outlook
🔎 Monthly (1M)

Strong bullish structure with clear Elliott Wave progression (1)-(3) unfolding.

Current candle shows retracement after a parabolic push, but higher timeframe structure remains intact.

Target level stands at 200 USD, aligning with Wave (3) completion zone.

đź•° Weekly (1W)

NVDA completed Wave (3) near 184, now pulling back into a local support zone ~160 – 165.

Structure suggests a corrective Wave (4) before potential continuation higher.

As long as support holds, expectation remains for a Wave (5) push towards 200+.

⏱ Daily (1D)

Price coiling inside a corrective a-b-c structure under trendline resistance.

Demand/support zone ~170 – 172 is acting as the base.

Break above 184 resistance confirms bullish continuation, while loss of support opens risk towards 152 (deeper retrace).

⏳ 8H

Clear retracement into demand after Wave (3) high.

Price holding trendline support + demand confluence.

If buyers step in, expect a rally into Wave (5) targeting 190 – 200.

Breakdown of demand would shift momentum bearish short-term.

🎯 Trade Plan

Bias: Bullish continuation (Wave 5 setup)

Entry Zone: 170 – 175 (demand/support)

Targets: 184 (short-term), 200 (medium-term)

Invalidation: Break & close below 160 support

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