NVDA Still in Downtrend - Bounce Into ResistanceNVIDIA CorporationNASDAQ:NVDABullBearInsightsNVDA has been trending lower and is now attempting a bounce after a strong selloff. The reaction off the lows looks clean, but price is still sitting below key resistance, so this is not a confirmed reversal yet. 1H Structure - Lower Highs Still Holding On the 1H chart, NVDA is clearly in a downtrend. * Lower highs continue * Trendline still intact * No structure break yet The bounce from around 171 shows buyers stepping in, but we’re still below the key 178–180 resistance area. 15-Min Structure - Bounce Into Supply On the 15-minute chart, price pushed up after taking liquidity below recent lows. * Clean sweep under 172 * Strong bounce reaction * Price now stalling near 175–178 * Sitting under supply This is typical behavior inside a downtrend — bounce first, then decision. Phase Context We had distribution near 188+ Then a clear markdown phase Now seeing a bounce attempt So this is still part of the markdown phase, possibly early accumulation, but not confirmed yet. GEX Context (Simple Read) Options positioning shows strong resistance building above around 190–200. That means upside will likely be capped unless strong momentum comes in. On the downside, support is building around 165–170, which aligns with the recent bounce zone. So overall, GEX is still leaning controlled with pressure above. Key Levels Resistance - 175 to 178 Major resistance - 180+ Support - 170 Major support - 165 Scenarios If NVDA breaks and holds above 178–180, we could see continuation toward 185. If price rejects here and loses 170 again, downside continuation is likely. Simple View Right now NVDA is: * bouncing inside a downtrend * below key resistance * not confirmed bullish yet This is still a reaction move, not a trend reversal.