NVDA is pushing back into a major resistance zone near $200–210 after spending the last 4 months in a consolidation range. At first glance, this looks strong.
But zoom out for a second…
This is the exact area where price was previously rejected.
What’s really happening here?
We’re potentially looking at a double top formation
“If it breaks, I buy.” → But experienced traders think differently.
This area already showed selling pressure
Liquidity is sitting above the highs
Late buyers often get trapped here
Buying resistance after a strong move
Patience is not passive — it’s positioning.
Disclaimer: This is not financial advice. This idea is for educational purposes only. Always do your own research before making any investment decisions.
But zoom out for a second…
This is the exact area where price was previously rejected.
What’s really happening here?
We’re potentially looking at a double top formation
“If it breaks, I buy.” → But experienced traders think differently.
This area already showed selling pressure
Liquidity is sitting above the highs
Late buyers often get trapped here
Buying resistance after a strong move
Patience is not passive — it’s positioning.
Disclaimer: This is not financial advice. This idea is for educational purposes only. Always do your own research before making any investment decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.