Watching for More Downside After This Rejection

[Tucker Walton]

NVDA Price got rejected from the 229 to 230 area and since then sellers have been in control. We had a clear shift in structure and the move down has been pretty clean so far.

The overnight level around  218.98 is something i’m watching closely. If price stays below the 223 to 225 area, I still think there is room for more downside. My main area of interest is around 212.45 where the trendline support is sitting. If that level fails, the 207 to 208 zone could be next.

Not taking anything for granted though. The reaction around 212 should be interesting.Would like to hear how others are reading this setup.