NVDA - Confirmed BreakdownNVIDIA CorporationBATS:NVDAVIAQUANTAfter monitoring this key support trendline for several weeks, today Nvidia has finally given the breakdown confirmation candle. To get fully caught up on how price action has developed with this level over time, please refer to my previous ideas: 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 (Possible Retest?) this appears to be the less likely scenario at this point. The reason for that assessment is that NVDA has also broken the white horizontal ray, marking the (Loss of the Micro Lows). This is the first time NVDA has created a lower low since the micro uptrend began in September 2025, a significant structural shift that should not be taken lightly. Breakdown Targets: 0.382 Fibonacci ($164) 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. Yellow Dotted Line ($153) The second target is the yellow dotted line around $153 which is a level I have had outlined for quite some time now. 0.618 Macro + 1.618 Breakdown Extension (Most Significant) ($134) The final target is the most compelling of all. The $134 level represents not only the 0.618 of the macro trend but also the 1.618 breakdown extension of the micro rally from the $164 low to the $212 high. This double confluence makes it an extremely significant level that could act as a major local low or potentially the bottom. Keep a very close eye on this level!