NVDA Flushed To 189.80, Then Bounced To 197.

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NVDA Flushed To 189.80, Then Bounced To 197.NVIDIA CorporationNASDAQ:NVDAvirDeStateraNVDA Flushed To 189.80, Then Bounced To 197. Speaking back to Tuesday: the discovery move found its floor. NVDA flushed below the 193 line all the way to 189.80, swept the low, and reversed hard back to 197.40 - a violent two-way session after the base collapse. The bounce is real, but it is a bounce inside a broken structure: price is still far below the 202.20 base and the 4H thesis is short. A five-percent drop that found a low and is now retracing. Whether this is a bottom or just a bounce depends entirely on what it does at the levels overhead. Neutral. Resistance: 199.89 - first level back Key resistance: 202.20 - the lost base, the real test Current price: 197.40 Support: 195.00 - interim support Key support: 191.23 - the shelf above the low Structural floor: 189.80 - the swept low Two paths from here: It reclaims toward 202.20 and the flush was capitulation. A hard sweep of the low followed by a sharp reversal is how selloffs bottom. If NVDA holds above 191 and pushes 199.89, the drop may have been a washout, with 202.20 the level that decides whether the base can be retaken. The bounce fails below the base. Dead-cat bounces after a 5% break are common, and 202.20 is now overhead resistance rather than support. A rejection and a loss of 191, then 189.80, opens a new leg down. The trend broke; the bounce has to prove otherwise. NVDA swept the low and bounced hard - the first constructive thing since the collapse. But 202.20 flipped from support to the level it has to reclaim. Until then, this is a bounce in a broken chart, not a repair. Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS Study, not financial advice.