$NVDA WEEKLY SUPPLY REJECTION JUST HIT 🔴

222 - 224 🔻

215 / 208 / 198 ✅

229 🛑

Failed breakout confirmed with a heavy upper-wick rejection into stacked resistance: weekly supply, 200 EMA, and 0.786 Fib extension. Sell-side volume and negative delta point to distribution, while price prints a lower high inside the descending channel. This is a clean trap zone where late longs are exposed.

Not financial advice. Manage your risk.

#NVDA #Trading #MarketUpdate #TechnicalAnalysis #Stocks

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