NVDA Update: Breakout Fading or Wedge Still in Play?

In my last post, I highlighted the rising wedge pattern forming at the top of NVDA’s strong rally. Price briefly pushed above the upper wedge resistance and tagged $172.40, but today’s session printed a bearish close at $170.70 — just above the breakout level, but with no real follow-through.

Volume came in higher, but price action failed to extend the breakout, suggesting this could be a stall or even a false breakout in progress. RSI remains overbought, and momentum may be slowing despite the recent push.

If price slips back below $168, we could see the original wedge breakdown scenario come back into play. Watch for support around:
🔹 $151.31–148.67
🔹 Below that: $125 zone

For bulls, continuation above $172.40 with strong volume would invalidate this pattern and confirm breakout strength. Until then, caution is warranted.