NVDA - Picture Perfect Bearish RetestNVIDIA CorporationBATS:NVDAVIAQUANTHere is an update to my last idea: So far this has been an almost picture-perfect scenario of what I predicted. Let's see if that trend continues. In my last post I stated: "Price has now seen a second consecutive close below the trendline, confirming the breakdown. While it is possible for NVDA to push back to the upside and retest the trendline as new resistance, this appears to be the less likely scenario at this point." At the time, the retest was considered less likely because no breakdown targets had been reached yet. That changed when the 0.382 Fibonacci level around $164 was tested (the first breakdown target I outlined): "The first target is the 0.382 Fibonacci level around $164, which price is already approaching. This level marked the origin of the trendline, giving it added significance as a potential area of interest." That level became the pivot low before price rallied back up to the white trendline and the bearish retest is now in progress. Adding to the setup, price printed a spinning top/doji right at the daily close which would be perfect market structure for a continuation to the downside. If this rejection plays out as the structure suggests, NVDA should fall toward the additional breakdown targets outlined in my last post. I highly recommend looking through the previous ideas on Nvidia to understand the full context of how this market structure has developed over time. It is also worth noting that my "On Verge of Breakdown" idea was highlighted as an Editor's Pick by TradingView and so far that idea has proven extremely valuable to those paying attention.