Weekend [06/01] Study
With now a rejection (thrice stemming) from 18950. I’ve activated Sell Side ideas\
If Sellers are able to confidently break below 18660, I’ll actively be looking to add to my position on an intraday timeframe and continue holding higher averages for lower.
Quoting my previous release, there should be no surprise I’ve been actively bearish this week. As a result, NQ drops -700p from our Pivot : 18950 clearing all our targets.
Sellers gained their footing against our Pivot and continued downward pressure with no relief for the entirety of the week.
18950 : Clean Distribution
18870 : Smelled Distribution against lower highs
18660 : Confident Break below Structure + Continuation
18240 : Bonus : SetSupport
A simple candlestick chart will outline the Price Action Sellers took to conquer this auction. A simple SetStack release will give you the Blueprint before it happens.