$CRWV — Weekly Retest of the 0.382, Smart Money at the Same LeveCoreWeave, Inc. Class ABATS:CRWVCEO_of_WaverVanir_Int_LLCCRWV — Weekly Retest of the 0.382, Smart Money at the Same Level CoreWeave just printed a weekly close at $101.28 after wicking down to $94.82 — within 50 cents of the 0.382 Fib retracement at $94.31. That level matches the cyan horizontal support drawn from the prior structure. The weekly held, but it held on a wick, not on the body. That distinction matters. STRUCTURE The May 6 high at $138.25 marked the 1.0 Fib extension from the April 7 low at $68. From there, three consecutive weekly red candles (-27% peak to wick). This week's bounce off $94.82 is the first sign of demand at a structural level rather than just selling exhaustion. The trend channel from $68 is still rising. The purple downtrend line from the December $176+ region still caps the upside at roughly $130 in the near term. Price now sits inside a compression triangle between those two lines, with the 0.382 acting as the lower bound. KEY LEVELS Resistance: $105.62 (0.541) → $111.09 (0.618) → $123.03 (0.786) → $130.14 (0.886) → $138.25 prior high Support: $102.70 (0.5) → $98.93 (0.447) → $94.58 (0.382) → $89.12 (0.309) → $77.13 (0.236) The 0.382 ($94.58) is now the line. Lose it on a weekly close and the chart loses its bullish structure entirely — next real bid is the 0.236 zone in the high $70s. Hold it for another week and the BUY signal that fired this week becomes the inflection candle. OPTIONS FLOW CONFLUENCE Today's premarket and intraday options tape on CRWV: $6.12M premium, 80% calls. The notable prints: - $195C Jun-2028 LEAP BLOCK, $1.02M on the Ask. Long-dated structural conviction at nearly 2x current price. - $95P Aug SWEEP, $367K Above Ask. Same hand, same hedge level — protecting exactly the 0.382 Fib that just held. - Multiple $100-102C near-term sweeps on the Ask. The chart and the smart money are reading the same level. The LEAP buyer is positioned for the trend channel to play out into 2028. The put buyer is hedging the line that just held this week. THE SETUP The BUY signal printed this week. The 0.382 held. The flow tape confirms institutional positioning at the same level. But the weekly close came in below the 0.5 Fib at $102.70 — meaning the BUY is technically already a hair underwater on a body basis. Three entries that resolve the chart: 1. Weekly close above $102.70 next session — confirms the 0.382 hold and activates the path to $111 / $123 2. Daily reclaim of $105.62 (0.541) with volume — first sign the trend is restoring on a faster timeframe 3. Daily close below $94 — the chart breaks, exit any long position, stand aside for $77 Anything between $98 and $105 is range chop until one of those three resolves. NVDA DELIVERED A CLEAN BEAT TONIGHT CRWV is the cleanest public AI infrastructure pure-play. NVDA's Q2 guide of $91B (above the $87B-$90B whisper) plus the $80B buyback and 25x dividend hike is direct tailwind. But NVDA itself closed after-hours at $220.64, down from the regular close. If the AI complex fades on the open Thursday, CRWV does too — and the 0.382 gets tested again. RISK FRAMING This is a structural-setup post, not a buy call. The LEAP buyer has 2 years. A discretionary trader doesn't. The chart says wait for confirmation in one of three places. The flow says the institutional thesis is intact. Both can be true while the next 5 sessions chop. Process over prediction. Risk-first, always.