Weekly [01/22] Study
“Buying above NQ : 21100 to be seen as opportunity for Higher.”
- Now +700p.
Undeniable Bullish Auction post release. Headlines Gap Price above our 20880 Pivot and hasn’t been able to retest since. This Sequence was split into two parts.
The trade that took place above 21410, and the trade that took place below 21410.
Needless to say, I think this was an accurate Plan.
Sequence Interactions
Minor Pivot → Long Target
Long Target Rejection → Minor Pivot
Minor Pivot → Long Target // Long Trend
ETH Headlines : Long Trend Retest**
Capturing this Sequences’ Key Auctions was very rewarding. Each Pivot interacting with +200p runway in favor. Diving into the details below.
Gap + Momentum
This Sequence was pretty straightforward. Market Opens Gapped Up. Liquidation attempts absorbed. Spikes to the expected Long Target by the afternoon.
Pivot + Reversal
This Sequence was overlapped. Where the Up Auction Ended, the Down Auction took place. This found a Liquidation but ultimately failed to cross Session Open / Gap. A follow-up attempt succeeded in retesting the expected Minor Pivot.
Minor Pivot → Trend
Difficult Execution. This sequence is now thrice overlapped, and reaching its extreme