Filip Urban 0 Posted September 19 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. Share this post Link to post Share on other sites
Armin 0 Posted September 22 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 Share this post Link to post Share on other sites
