$NVDAX ‌ 4H Analysis

Price established a swing low at 190.35 around 06/29 before building an advance to a swing high of 200.89 around 07/01 through 07/02. From 200.89 a corrective decline pulled price down toward a recent low near 192.73 as the current 24h low before the current session has produced a modest recovery to 197.00 showing +1.13% on the day. The decline from 200.89 to 192.73 represents a retracement of approximately 8.16 points and the current recovery from 192.73 to 197.00 represents approximately 4.27 points of bounce from that corrective low.

MA7 at 195.80, MA14 at 196.77, MA28 at 196.76 are in a mixed configuration with MA14 highest and MA7 lowest while MA28 sits nearly identical to MA14 within 0.01 points. Price at 197.00 is trading above MA7 and fractionally above the near-overlapping MA14 and MA28 cluster by approximately 0.23 points. The extremely tight overlap of MA14 and MA28 reflects the brief period of consolidation and corrective decline following the 200.89 high while MA7 remains somewhat below, and price sitting just marginally above all three levels represents a very narrow and tenuous position relative to the MA structure.

Volume at 205.614 is below MA5 of 474.004 and MA10 of 544.179 indicating below-average participation in the current session. The volume pattern shows the heaviest bars concentrated during the initial advance from 190.35 through the 200.89 peak around 07/01 through 07/02 with the corrective sessions and current recovery both trading on substantially lighter volume, reflecting reduced conviction in either direction at the current price level.

MACD DIF at -0.11 is below DEA at -0.02 with histogram at -0.08 negative. Both DIF and DEA have moved into negative territory following the corrective decline from 200.89 and the histogram remaining negative means the current modest price recovery has not yet been reflected in a MACD crossover. With DIF below DEA and the histogram still negative despite price recovering above the MA cluster, the MACD and price action are not currently aligned and the current position requires a return of the histogram to positive alongside sustained price action above the 196.76 to 196.77 MA cluster to confirm a continuation of the prior advance.

Resistance: 198.25 and 200.89
Support: 196.77 and 196.76 and 195.80 and 195.62 and 192.98 and 192.73 and 190.35