On the H1 chart of NVIDIA, the recent price action has formed a clear bearish channel. After peaking near 213.9, the market slipped below the 210‑211 resistance zone and has been testing the 208‑209 range. Each pull‑back has produced lower highs, while the lows have also trended down, confirming a down‑trend. Volume spikes on the March‑to‑April decline (e.g., 10,870 contracts) underline strong selling pressure, whereas the latest candles show modest volume, suggesting a lack of buying conviction. The current price sits just under the last minor resistance, and a break below the 208‑209 support would likely trigger a move toward…

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