NVIDIA Gapped to 170.24, Closed Back Above the April Low at 173.66

NVIDIA (NASDAQ:NVDA) gapped down 13.57 points from Friday's close, printed a low of 170.24 below the April low, then recovered to close at 178.67 — back above 173.66 but still under Thursday's 181.46. The gap, roughly 4.6 hourly ATRs, was never retested.

The session, laid out in a technical note published on TradingView by analyst virDeStatera, gives traders two clean paths. Both run to Friday morning, with CPI landing Tuesday inside the window and earnings on November 18 outside it.

What happened on the open?

Friday had closed at 186.64. NVDA opened Monday 13.57 points under that, gapping down to 173.07. Price traded through both 179.00 and 173.66 before the close, bottoming at 170.24 — below the April low for the first time. The trigger close came at 178.67, above the April low, under Thursday's 181.46, and well under the gap.

The downside path, in the analyst's words: "the downside path fired on today's close at 178.67 under 181.46, after a gap down to 173.07 and a low at 170.24 that traded through both 179.00 and 173.66 before the trigger close."

Where does the structure stand?

Structure is bear on all three timeframes, per the note. The daily and 4H charts read choppy bear; the 1H is choppy bear in transition. On the 4H, the quartile works against the bear anchor with a CQI of 38 at the close, while the 1H sits mid-range near 50. The last 1H announcement is bear, dating from 56 bars ago.

The IMP score came in at 3 of 5 on the 4H, in mixed mode with extension at the 100th percentile, and 0 of 5 on the hourly at the close. No anti-signal registered at the close.

What are the key levels?

The note lays out a precise map:

• Resistance: 181.46 — Thursday's low, lost on today's close
• Key resistance: 186.64 — Friday's close and the top of today's gap, with a 4H zone to 188 above it
• Current price: 178.67
• Support: 173.66 — the April low, traded through today and reclaimed by the close
• Key support: 170.24 — today's low
• Structural floor: 167.01 — the late-March low, with 164.27 the March low below it

What are the two paths?

The bull path needs a regular-session close above 181.46 before Friday. That reclaims Thursday's low and opens the gap back to 186.64, then 190.01 at the July 29 low. The gap from 179.92 to 186.64 is the first obstacle.

The bear path needs a regular-session close under 170.24 before Friday. That takes out today's low and opens 167.01 at the late-March low, then 164.27. Below 173.66, the April low would be lost on a close for the first time since it printed.

The setup, as framed: "A 170 to 181 day with a close in the upper half, under a 7-point open gap. 181.46 to repair it, 170.24 to extend it."

The note was built with SOM / ACE / IMP and carries a study-not-advice disclaimer. With CPI due Tuesday and both trigger levels just points away, NVDA holders get their answer inside the week — the gap at 186.64 doesn't heal without a close through 181.46 first.