NVIDIA $NVDA mistress scandal—will it affect the stock price movement? Let’s analyze this with technical analysis. ▍ Quick summary: The market is currently strongly bearish 👇 1. Broke below the previously analyzed triangle consolidation See Figure 1 Technically, a breakdown signals further downside movement, as it indicates the price has breached the prior uptrend structure (blue line). The bullish structure has been compromised. 2. Formed a large M-top See Figure 2 The price has broken below the neckline (purple line), confirming the bearish M-top pattern. ▍ Where might it fall next? The logic: Once a level is broken, watch the next key level. 1. $164 This was a double-tested low in the previous move—a clear support level (orange line, Figure 3). 2. $152.8 The measured move target of the M-top, coinciding with a prior resistance level that now acts as strong support (yellow line, Figure 4). 3. $148 The measured move target of the triangle consolidation (white curve, Figure 5). ▍ When could we consider a potential bullish reversal? ⮕ When the price breaks back above key support levels. For example, with current prices, a move above the M-top neckline would be a signal. ▍ Note: On 11/5, there was a significant spike in trading volume on the downside. In technical analysis, a sharp volume surge at a low point can be a relatively positive sign. But don’t rush in just because of this. In the past, NVDA has seen volume spikes at lows—sometimes marking the bottom. But other times, volume spiked and prices continued falling. If you’re trading short-term, always set a stop-loss—don’t rely solely on volume. Want me to analyze another stock? Leave a comment and let me know! 🔴 Subscribe to my “Technical Analysis for Beginners” newsletter Learn how to read charts yourself. https://t.co/6XRXDWQeih