NVIDIA (NVDA) – Daily Timeframe AnalysisNVIDIA CorporationBATS:NVDAisahebdadiOverall Structure •The market is forming a distribution structure •Your marked pattern resembles a Head & Shoulders / Lower High sequence •Price is breaking or about to break the ascending trendline 👉 This is a major potential trend shift signal Bearish Scenario (Primary Bias) •Formation of lower highs •Breakdown of bullish structure •Price trading below the MA 📉 Targets: •155 (first support) •150 (key level) •140 (extended target) 👉 Confirmation: •Daily close below trendline •Strong continuation bearish candles Bullish Scenario (Less likely) If this turns into a fake breakdown: 📈 Targets: •180 (first resistance) •190–200 (supply zone) 👉 Confirmation: •Strong reclaim of the trendline •Holding above the MA Professional Summary •Structure: Distribution → Potential Downtrend •This setup is often seen before larger corrections •If breakdown confirms → broader risk-off sentiment may follow Strategy Insight: •Short: After confirmed breakdown (best setup) •Long: Only on strong reclaim •No Trade: If price stays choppy between levels Important Insight: NVDA is a market leader in AI, so if it drops, it often impacts: •Apple •Meta Platforms •Microsoft 👉 Meaning: This could be a broader market move, not just one stock.