The analysis for NVIDIA (NVDA) indicates that the 192.31 weekly channel bottom, settled below three weeks prior, continues to act as resistance through December. If this resistance holds, a decline to 164.37 is anticipated within several weeks. This 164.37 level is identified as a significant structure spanning eight months, capable of absorbing selling pressures through the first quarter of the following year. Should 164.37 be tested, a potential rally towards new highs in the 219.64 to 229.00 range is projected within two to three months, an area that could exhaust monthly or quarterly buying pressures. Conversely, a weekly close above 192.31 would negate the bearish outlook to the mid-160s, instead signaling a move to new highs around 219.64 within one to two months. On the daily chart, 176.88 functions as a session containment pivot. Day traders and short-term swing traders (3-5 days) can buy at 176.88, anticipating a bounce into the low 190s within one to two weeks. A settlement below 176.88 would pivot the market south, targeting 164.09 (weekly containment) within one to two weeks. Conversely, a daily close above 182.94 could trigger a 3-5 day pop into the low 190s, with 192.61 serving as a key pivot. A close above 192.61 would set a 3-5 week objective towards 214.78. The overall market trend for NVDA is currently bearish from recent highs, with a predicted bearish trend toward the mid-160s in the near term, provided key resistance levels hold. The fail bound for this bearish analysis is set at 192.61.