Rubber-banding of price levels.
You have to let *longer timeframe* candles CLOSE.
$NVDA at $183 is a primeee example.
Heavy activity at this level since August...so what'd they do yesterday?
Broke it below, flushed, hit stops at $180, then ripped it into a hammer to close the day.
But it didn't "break the level"...it tested the level and was strongly bought up (aka rubber-banding).
Bullish.
Swing traders...focus on longer timeframe *closes*...daily, weekly, even monthly.
Intraday moves do not concern us.
Nov 8, 2025 · 5:52 PM UTC








