NVIDIA's Triple Confluence Rejection: Is This the Beginning of aNVIDIA CorporationBATS:NVDAzenthena00NVIDIA has spent the past few weeks attempting to recover from its previous decline, but the latest rally may have just reached one of the strongest resistance clusters on the chart. Instead of reclaiming higher prices, buyers were rejected precisely where multiple technical factors aligned, suggesting the recent bounce may have been nothing more than a relief rally before sellers stepped back in. The Setup The highlighted resistance zone between $210 and $213 represents a high-confluence area where three independent technical signals overlap: 61.8% Fibonacci Retracement of the previous downswing. 50 EMA, acting as dynamic resistance. Previous swing highs, forming a proven supply zone. Individually, each of these levels can trigger selling pressure. When they align at the same price, the probability of rejection increases significantly. NVIDIA tested this area but failed to produce a convincing breakout, allowing sellers to regain control. Reasoning Several technical signals continue to support the bearish outlook: Price remains below the 9 EMA, 20 EMA, and 50 EMA, confirming that both short-term and medium-term momentum remain bearish. The rally into the resistance zone failed to produce a higher high, resulting in another lower high, which keeps the downtrend intact. After rejection, price broke below the previous swing low near $199.30, shifting market structure from higher lows to lower lows, a classic sign of bearish continuation. Selling momentum accelerated immediately after leaving the resistance zone, suggesting sellers remain in control rather than buyers simply taking profits. At the moment, the chart continues to favor the bears unless key resistance levels are reclaimed. Key Levels Resistance $210-$213: Triple confluence resistance consisting of the 61.8% Fibonacci retracement, EMA50, and previous swing highs. $205.50: Previous Fibonacci support that may now act as resistance following the breakdown. Support $193-$192: Current support zone created by the recent reaction low. Losing this area could expose additional downside. What I'm Watching Bullish Scenario If buyers reclaim $199.30, recover $205.50, and eventually secure a strong close above the $210-$213 resistance zone, the recent bearish structure would begin to weaken. A successful breakout above this confluence area would shift momentum back toward the bulls and could open the door for a larger recovery. Bearish Scenario As long as NVIDIA remains below $210-$213, sellers continue to hold the technical advantage. A decisive break below the $192-$193 support zone would confirm that bearish momentum remains intact and increase the probability of another leg lower. Invalidation My bearish outlook becomes invalid if NVIDIA produces a decisive 4-hour close above $213, successfully reclaiming the Fibonacci resistance, EMA50, and previous swing highs. Until that happens, I continue to view rallies into resistance as potential selling opportunities rather than confirmed reversals. One reason I enjoy trading US stocks is that they often respect technical confluence surprisingly well, and this NVIDIA chart is a good example. Instead of relying on a single indicator, I prefer combining market structure, Fibonacci levels, and moving averages before making any decision. I've been trading US stocks on Bitget Stock+, and setups like this are also where I usually check GetAgent AI before entering a position. When price starts reacting around major support or resistance, having an AI assistant analyze momentum, trend strength, and possible scenarios gives me an additional layer of confidence. I still make the final decision myself, but having that second perspective helps me stay disciplined instead of reacting emotionally to every candle. What do you think? Does NVIDIA reclaim the $210-$213 resistance zone, or is this breakdown only the beginning of a much larger bearish move?