Nvidia (NASDAQ: NVDA) could face a major correction in the coming months, with the trading expert preparing property it could drop to $125 by mid-October 2026.
Predictions are TradingShotshared a TradingView post on June 5, based on Nvidia’s monthly and weekly structure, which shows the stock trading within a ten-year pattern characterized by bullish and bearish cycles.
According to the analysis, Nvidia could approach the same peak seen in 2018 and 2022, which could pave the way for a long-term improvement.
The bearish outlook comes despite Nvidia’s strong start and continued AI-driven growth. As of press time, NVDA shares were trading at $204, having gained more than 10% for the year.
TradingShot noted that the previous peaks in 2018 and 2022 were followed by sharp declines before Nvidia set a long-term target.
The analyst believes that 2026 could be the next major peak, citing a bearish divergence on the Relative Strength Index.RSI) which has been growing since June 2024. Similar RSI has already led to a bearish trend in Nvidia shares.
The chart also shows Nvidia’s March 2026 retracement from the 50-week high move approx significantly reflecting the high price previously seen in the stock market.
At the same time, the monthly RSI remains close to the 70 level, which corresponds to a significant decline following the peaks of 2018 and 2022.
Nvidia stock price chart to watch
According to the analysis, a move in the 100-week near $165 represents a lower target for correction and corresponds to key levels from September 2025 and March 2026.
If this level fails, Nvidia could extend the decline to the 200-week low, which is expected to reach around $125 by mid-October 2026.
A target of $125 would represent a deep extension of the bears, although it was smaller than the nearly 58% decline recorded in Nvidia’s 2022 guidance.
Although the technology landscape shows an upward trend, Nvidia’s business fundamentals remain strong.
Nvidia Stock Basics
Meanwhile, Nvidia’s fundamentals remain strong despite bearish technical sentiment. For example, a semiconductor The giant said it expects fourth-quarter 2026 revenue of $68.1 billion, while full-year revenue rose to $215.9 billion, up 65% year-over-year, driven largely by demand for its AI data products.
Growth continues to be supported by the strong implementation of the Nvidia Blackwell platform, with Vera Rubin’s next-generation architecture expected to be launched in the second half of 2026.
The company also sees long-term opportunities in AI design, inference computing, robotics, autonomous systems, and enterprise AI.
Reflecting this strength, Wall Street analysts remain bullish on Nvidia and continue to outperform.
