Dip that Chip! - NVDA Had GREAT Earnings...So, Why IS IT Down?NVIDIA CorporationBATS:NVDAAkeelahTradersMorning, Traders. Yes...NVDA is likely the hottest stock on the planet. It just had earnings yesterday and they were amazing. Earnings and showed incredible strength and direction for the company and stock. BUT...we're going to take a quick look today to see exactly why this "Chip is Dipping". Where are we now?: There has been a Daily and H4 Structure that has been showing that the stock is not ready to take off...not yet. There are some key sources that need to be satisfied first. This H4 BOS has come back up and retested the broken demand zone and rejected (B.R.R.). There is also a lower H1 BOS that has already showed rejection. But focusing on the H4 and daily shown here...If this current H4 Demand zone doesn't hold, then it is most likely falling back to the ~$195 - $200 area. This is the Daily Demand Zone. Just pure Structure...! The stock is way over extended past the Daily Demand Zone, and this is like a magnet pulling it back down until a more solid structure can be established. What is next?: This Daily Demand zone is strong, and should hold NVDA as long as the overall market is still healthy. We need to closely monitor this Daily Demand Zone to confirm if the market will indeed hold. The H1 will be the key to this. We need to see an H1 BOS UP outside of this daily zone, preferably with a strong bullish retest. That would confirm that the dip is done, and it's time to enter strong buys again. This is a classic setup and exactly what we teach in our Akeelah Market Makers courses. If you can learn to "Read" the markets this way, the sky is the limit. As always, please drop your comments and questions, and we'll be glad to answer. Go Dip that Chip!