Big order filled, strong move back

[Filip Urban 0]

I’ve got a question about large orders on the tape/Level 2. I often hear that when a big order gets absorbed, price tends to move in that direction.

Today on NVDA there was a large order sitting at 177. Price hit it, absorbed it, but instead of pushing higher it immediately rejected and pushed down.

How would you interpret this? Was it just a trap, or did sellers simply step in stronger right after the absorption?

Also, if anyone has a Bookmap screen of this move, I’d really appreciate it.

[Armin 0]

Hi, I’m new to day trading but I’ve already read a lot.
If I understand correctly, there were a lot of limit sell orders at 177 that absorbed the aggressive buy orders—meaning someone didn’t want the price to move higher. I’ve attached a footprint chart: left shows aggressive bids, right shows aggressive asks.

15:51 --> 9:31