$NVDA gapped 8.7% on earnings, then handed back half of it. Price is resting near 220. I'm long, but not here. My bid sits at 213.80-216.30, and 208.80 is where the idea dies. Everyone can see that shelf, so the real question is whether it holds or gets swept first. The move began at 209 and ran 8.7% in one session. The pullback has returned about half that range, putting 213-216 inside the move rather than at its edge. Why that zone: - Three moving averages of different lengths converge in it - It matches the retracement of the earnings candle - The shelf built just before the gap sits there - Last week's lows stopped twice at the same prices One of those is a line on a chart. Four inside two dollars is where resting orders cluster. Entry 213.80-216.30, as a limit. If price never comes back, I have no trade. Target 228.20. Stop 208.80, just under the 209 origin. Below it the move is fully retraced and the reason I'm long stops existing. That is structure, not a percentage. Where I'm wrong: a close under 209 with no quick reclaim. Risk: the Fed meets Sep 16 with a hike under discussion, and expensive tech reprices first when that talk gets louder. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.