$NVDA fell more than 9% in one session, then went quiet. I lean short, but I'm not selling here. I'm waiting for a bounce into a band where several sell-side reasons stack up. The catch: the drop may have been capitulation. Daily closes sit below the 200-day average for three sessions. The 12h chart broke its prior swing low and flushed, then drifted sideways. What lines up for the short: - 3 of 4 technical methods lean short. - The bounce zone holds the 4h 20 EMA, the body of the candle before the drop, and buy stops above equal 1h highs. - It sits in the 62-79% retracement of the post-crash range. Independent reasons in one narrow band make it a level, not a guess. ICT view: the higher timeframe points down, so bounces are where I look to sell. Price is still mid-range, not yet in the expensive half. I want a sweep of the stops above those equal highs, then a turn. Where I'm wrong: if price clears the first post-crash bounce high and 4h closes hold above it, the downtrend is broken. I step aside. Risks: - The heavy-volume down day and oversold daily RSI could mean selling is exhausted. - CPI on Nov 10 and earnings on Nov 18 (KST) both land inside the plan window. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.
Trader SteveShare

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