Artem Voloskovets
⬤ Nvidia shares shifted into correction mode after chart analysts confirmed the cycle from the November 25, 2025 low has wrapped up. NVDA finished that run, and current patterns suggest any corrective bounce will likely collapse in either three or seven swings. The 60-minute chart shows the stock peaked near the invalidation mark around $203.49, then pulled back through waves mapped in the corrective framework.
⬤ Wave counts reveal a complete set from the rally followed by a pullback labeled as waves A and B, with wave C expected to push higher briefly before reversing down. "The corrective bounce should lift prices temporarily before the next leg lower," analysts noted. The pullback from October 2025's peak is projected to reach the NVDA Stock Analysis: Critical Support Level at $166 zone before extending toward $161.09. This bearish setup matches recent technical warnings about correction risks, particularly if key support in the mid-$160s breaks. That critical $166 level could decide whether momentum continues or weakness deepens.
⬤ Other chart perspectives from TheTradable show mixed scenarios for NVDA's near-term path. The NVDA Price Prediction: Tests $171 Resistance analysis examined how price action at resistance could trigger either a breakout or rejection. Meanwhile, a different outlook in NVDA Holds $185-$190 Support: Path to $220 Takes Shape showed intermediate support holding in a bullish structure, though that view contrasts with the current Elliott wave interpretation. These competing technical reads highlight how NVDA's chart action remains fluid as short-term corrections clash with longer-term trends.
⬤ The focus on a corrective phase targeting $161.09 matters because it signals potential momentum shifts after a major rally. If corrective bounces consistently fail above key resistance, it would strengthen the broader pullback narrative for Nvidia. As the stock works through support and resistance levels, these patterns will shape how traders read near-term risks versus recovery prospects in one of the market's most watched AI stocks.
Artem Voloskovets
