🚀📈🧠 $NVDA Forms Bullish Hammer — Fibonacci Target Points to $194.23
NVIDIA is flashing a clean technical signal at a highly actionable level.
Price has just printed a bullish hammer candle, a pattern that typically appears when selling pressure is absorbed and buyers begin to step in with intent. This isn’t happening in isolation — it’s occurring exactly where structure matters.
Here’s why the setup stands out:
First, Fibonacci support is holding.
$NVDA is finding support near the $171 Fibonacci level, a zone that has repeatedly acted as a decision point for capital. This suggests the pullback is corrective, not trend-breaking.
Second, volume structure adds confirmation.
Price is sitting near a well-defined volume shelf, an area where prior trading activity was concentrated. These zones often act as:
• downside shock absorbers
• upside launch pads once momentum turns
That combination — Fibonacci support + volume shelf + hammer candle — is rarely random.
Based on the current structure, the technical roadmap is clear:
• Primary target: $194.23 (Golden Ratio extension)
• Secondary target: ~$212, where price would challenge prior highs and test trend strength
This isn’t about guessing a bounce.
It’s about recognizing a trend pullback that’s being defended by structure.
The key things to watch next:
👉 Does $171 continue to hold on any retest?
👉 Does volume expand on the upside rather than spike only on down moves?
If those conditions are met, the probability skew favors continuation rather than breakdown.
🔔Ongoing analysis tracks AI infrastructure leaders, technical inflection points, and where institutional capital is quietly positioning.
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