NVIDIA ($NVDA) Daily: Bullish Reversal Off 0.50 Fib Support NVIDIA CorporationBATS:NVDAChartPro_DataNVIDIA (NVDA) Daily: Bullish Reversal Off 0.50 Fib Support Signals Potential Wave 3 Expansion ### 🧠 NVIDIA Corporation (NVDA) Daily Technical Analysis (Ref: NVDA_2026-06-22_08-36-13.png) We are releasing an institutional-grade trend study on NVIDIA Corporation (NVDA - NASDAQ) on the Daily (1D) timeframe. Following a healthy corrective phase, the stock is demonstrating signs of aggressive buyer absorption at a critical mathematical confluence zone, potentially initiating a powerful impulsive Wave 3 expansion. The asset concluded its most recent session printing a strong bullish expansion bar, trading up **+2.95% at 210.69**. --- ### 🔍 Technical Confluence & Elliott Wave Setup: 1. **The 0.50 Fibonacci Floor:** The corrective Wave 2 retracement hit its structural exhaustion point exactly at the **0.50 Fibonacci level (200.64)**. 2. **Dynamic & Static Support Cluster:** This Fibonacci level formed a rock-solid cluster alongside the institutional **72-period SMA (orange line at 199.69)** and the historical horizontal baseline at **199.44**. The immediate rejection of lower prices off this floor validates heavy institutional accumulation. 3. **The Wave 3 Trigger:** With the price bouncing firmly off the dynamic uptrend support line (lower red diagonal), the breakout above the previous daily candle high provides technical confirmation that buyers are seizing control to propel the next major impulse leg (plotted by our blue upward vector). --- ### 🛡️ Tactical Position Architecture & Risk Management: We have designed a high-probability swing trading framework leveraging clear structural invalidation points: * **The Entry Trigger:** Confirmed upon the clean breakout of the immediate daily candle high, taking advantage of the shifting short-term momentum. * **The Defensive Stop Loss:** Safely anchored below the key structural swing low printed on the **June 17th candle** (defending the cluster just below the 72 SMA). This invalidation level keeps our initial risk tightly defined. * **Milestone 1 (1:1 Risk/Reward):** As soon as price action hits our initial **1RR** upside extension target, a strict risk-mitigation protocol is triggered: **the protective Stop Loss is immediately trailed to the original entry price (Break-Even)**, securing a risk-free position. * **Milestone 2 (2:1 Risk/Reward Target):** Once exposure is eliminated, the runner position is managed to target the macro liquidity pool overhead, driving towards the historical resistance ceilings at **232.12** and **235.88** (0 Fib line). --- 📊 **ChartPro Data** *Semiconductor Sector Research, Elliott Wave Matrices & Systematic Risk Mitigation.* ⚠️ **Disclaimer:** For educational and informational purposes only. This active market study represents a personal trading framework and does not constitute financial or investment advice.