$NVDA Breaks Short-Term Swing Low
$NVIDIA(NVDA)$ has broken below its short-term swing low, putting its internal market structure under pressure.
Unless the stock reclaims the $208–$210 area by next week, the short-term structure remains broken.
That raises the probability of further downside toward the Institutional Buy Zone, also known as the weekly Smart Money Zone.
This is the risk I highlighted back in July. ❌
Although Nvidia broke out last month, it never recorded a weekly close above the previous swing high. As a result, the active weekly trading range remains:
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Weekly range low: $163.90
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Weekly range high: $235
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Key recovery zone: $208–$210
The next move is important. Reclaiming $208–$210 would help repair the short-term structure. Failure to do so leaves room for a deeper pullback, particularly after earnings.
For now, the weekly range remains intact, but the short-term trend needs to recover.
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