NVDA Rejection at Channel Top – Short OpportunityNVIDIA CorporationBATS:NVDAgregorrancnik86NVIDIA has been trading inside a clear ascending parallel channel (upsloping parallel channel) for several weeks. Recently, the stock pushed toward the upper boundary near 200–202 USD and has started showing signs of rejection and exhaustion. Conclusion NVIDIA is currently in a bearish setup within the upsloping parallel channel. A pullback toward the lower channel support appears highly likely in the coming days. Rejection at Channel Resistance + Potential Bear Flag The price has reached the upper boundary of the channel and is consolidating with smaller candles and declining volume — a classic sign of buyer exhaustion. While a bear flag pattern may be forming, it is not yet fully confirmed due to the short consolidation period. Bearish RSI Divergence (Daily Timeframe) The RSI is above 65 and displaying a clear bearish divergence (higher price highs with lower RSI highs). This is a reliable early warning signal for a pullback. MACD Weakening On both the 4H and daily timeframes, the MACD histogram is contracting, and the MACD line is nearing a potential bearish crossover. Declining Volume Average volume over the past 5 days has fallen below the 30-day average, indicating that buyers currently lack the conviction to break and sustain a move above the upper channel boundary. Key Technical Signals Supporting the Decline Bear Flag + Upsloping Parallel Channel Both patterns occurring simultaneously point to weakening buyer momentum. The price has advanced within the channel, but with progressively smaller candles and declining volume — a classic sign of exhaustion. Bearish RSI Divergence (Daily Timeframe) The RSI is currently above 65 and showing a clear bearish divergence (higher price highs accompanied by lower RSI highs). This is a classic precursor to a pullback. MACD Weakening On both the 4H and daily timeframes, the MACD histogram is contracting, and the MACD line is approaching a bearish crossover signal. Declining Volume Average volume over the last 5 days has been below the 30-day average. This indicates that buyers currently lack the strength required to break and sustain a move above the upper boundary of the channel.