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

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Replying to @investingluc
Ever since I've primarily focused on weekly candles more than any time frame. I think the most value is in these candles (unless you're daytrading)
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100%, great stuff man
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Replying to @investingluc
So how concerned should an options trader with $200 C expiry friday be? Asking for a friend
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Price could easily see $200 again next week…just worried about theta for you. Hence why i dislike short term options
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Replying to @investingluc
thanks coach
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Replying to @investingluc
Initially bullish. But if it forms a lower high then it likely goes lower. It’s not out of the woods yet