NVDA – First Signs of Stabilization After a Heavy Selloff (11/17NVIDIA CorporationBATS:NVDABullBearInsightsNVDA finally showed the first real sign of stabilization after multiple days of controlled selling. The move off the lows wasn’t random — when you zoom into the different timeframes and combine it with the GEX landscape, the bounce actually makes a lot of sense. NVDA dropped right into a deep put zone, bottomed, and then climbed back with intent. Let’s break down what’s really happening here. 1️⃣ 1-Hour Chart — Downtrend, but Buyers Finally Stepped Up The 1H chart shows NVDA breaking every minor support for days, sliding cleanly down the descending channel. The selling pressure cooled only when price touched the 178–181 region. That’s where the trendline support met previous liquidity pockets, and buyers reacted instantly. What’s notable is how quickly NVDA recovered back toward 190. That tells me two things: 1. Sellers covered aggressively at the low. 2. Buyers were waiting to step in near that trendline. Important 1H levels: * 190–192: First resistance test * 194–195: Critical zone NVDA couldn’t reclaim last time * 199–202: Bigger resistance if momentum expands * 178–181: Strong demand zone that started the bounce The 1H is showing the first shift from “straight down” to “controlled bounce.” 2️⃣ 15-Minute Chart — Momentum Turning Upward, but Needs Confirmation The 15M chart shows NVDA reclaiming multiple small bullish FVGs on the way up. The most important part is how NVDA handled the intraday pullbacks — each dip was shallow and got bought quickly. That’s what early reversal behavior looks like. Key things I see on the 15M: * Bullish FVGs forming under price → buyers absorbing dips * Short-term resistance at 191–192 → price hesitating here * Trendline reclaim gives NVDA room to test higher The 15M doesn’t confirm a strong uptrend yet, but it shows a clear shift in character from sellers dominating to buyers at least competing. 3️⃣ GEX (1-Hour) — Explains Exactly Why NVDA Bottomed Where It Did This is the part that ties the entire move together. NVDA bounced precisely at the deep PUT wall around 178–181, where hedging pressure spikes. That’s why the reversal there was so sharp. Upside Gamma Levels * 191: First GEX pull * 194–195: Heavy GEX cluster * 200–203: 2nd call wall * 210: Large GEX10 + 3rd call wall If NVDA can reclaim 194–195, the move toward 200–203 becomes much easier than it looks on the chart alone. Downside Gamma Levels * 182: Pivot zone * 178: Main put wall — the exact level that stopped the selling * 175–170: Only activates if NVDA loses 178 decisively The GEX structure is clean: * Sellers lose power above 192 * Buyers lose control below 182 * Real battle zone sits between 188–192 This is the kind of GEX map that makes traders ask: “Why does NVDA always bounce or stall at the same weird levels?” (And yes — GEX gives the answer.) 🎯 How I’m Trading NVDA for 11/17 🔼 Bullish Scenario (Preferred Only Above 192) NVDA needs to clear 192 with strength. If that happens: Stock Trade Idea: * Entry: 192.20–192.50 * Targets: * 194 * 195 * 198 * 200–203 (call wall zone) Options Idea: * 195C or 200C * Momentum-based trade IF NVDA reclaims 192 with volume * Scale at each GEX zone This is the cleanest setup. 🔽 Bearish Scenario (Only Valid If NVDA Rejects 192 or Loses 182) Entry #1 (Aggressive): * Rejects 192 → short into 188 Entry #2 (Stronger Confirmation): * Break below 182 Targets: * 180 * 178 (strong put wall) * 175 (if volatility spikes) Options Idea: * 185P for quick moves * 180P for continuation * Below 178 → downside accelerates sharply ⚠️ Chop Zone: 188–191 This is the balance area where NVDA is likely to pause, fake out, and trap both sides. Best avoided unless you’re scalping with tight risk. Final Thoughts NVDA finally caught a real bid after a long series of lower highs and lower lows. The bounce wasn’t accidental — it aligned with deep GEX put walls and a structural trendline. Now NVDA sits right below a key resistance at 192. That’s the line that decides whether this becomes a real reversal or just another lower high inside the downtrend. Above 192 → the chart opens beautifully. Below 182 → the bears take back control. Anything between is noise. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always trade with proper risk management.