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Filip Urban

Big order filled, strong move back

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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.

Snímka obrazovky 2025-09-19 155421.png

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