NVDA 5m — Distribution into BOS, watching $183.80-$184.80 for short entry

https://preview.redd.it/6zyql72f6epg1.png?width=1771&format=png&auto=webp&s=1d8ac8d895f5c036b6fbf1cb8ac79fe85d6a23c6

ConfluxAi

Seeing a pretty clean Wyckoff distribution pattern playing out on NVDA this morning. Price ran up into the $185.60-$186 range, got rejected hard, and we just got a clear BOS at $182.

Structure right now:

• Distribution range capped around $185.60, already broke down through $182
• Fresh supply/OB sitting at $183.80–$184.80 — this is where I’m looking for a short entry on a retest
• There’s an unfilled FVG between $182.80–$184 that could act as a magnet pulling price back up before continuation
• Sell-side liquidity sitting at $180 which is my first target

The play: Wait for price to retrace into that $183.80–$184.80 supply zone. I want to see a ChoCH on 1m/5m confirming sellers stepping in before entering. The OTE zone lines up with this area which adds confluence.

• Entry: $183.80–$184.80 on bearish confirmation
• SL: $185.80 (above the distribution high)
• TP1: $180 (SSL sweep)
• TP2: $178
• TP3: $177

R:R is roughly 3:1 to first target which is solid for a 5m setup.

Current price is $182.13 so I’m NOT chasing this. Need that pullback into supply first. If it just dumps straight through $180 without retesting, I’ll sit on my hands and wait for the next setup.

Invalidation: Price reclaims $186 and holds above distribution — that would flip the whole thesis.

Thoughts? Anyone else watching NVDA today?