$NVDA dropped more than 6% in a day and closed the 4h near its low with no lower wick. My read is bearish, but I'm not selling here. I'm waiting for the first bounce into the gap that drop left behind, and selling that instead of chasing the flush. The daily broke its prior swing low and sits well below the 200-day average. The 12h broke its last swing low too, confirming lower highs and lower lows. - All four technical methods point down. - No bullish divergence on the daily, 12h or 4h. - No sign of absorption yet: no long lower wicks, no reflex rally. Trend, momentum and missing buyers agree, so a bounce is more likely to be sold than bought. ICT view: the last 4h candle is a clean displacement candle. The gap it left above, the low of the first crash candle and a 25-30% retrace of the drop stack in one zone. That is the nearest supply I can use. I'm wrong if a 4h close clears the breakdown candle's high and the drop's midpoint. That means the gap is filled. If there's no bounce, the order never fills and I don't chase. Risks: 1h and 15m are deeply oversold, so a squeeze is possible. US jobs data and earnings can swing price hard. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.