Weekly [05/01] Study
Pivot : 5070 : Longs to : 5380 / 5620 : I am expecting a full transfer to targets.
The last update came with precision.
The markets do not abide to your schedule. N’or should you place one on SetStack. I called for a full transfer to targets. This alone is a rare event.
I provided only 2 targets to allow for a +500p Target.
Higher Prices attract Higher Timeframe Participants.
If it takes three weeks to complete, it takes three weeks to complete.
For Whales care not for your prop that can’t swing.
Contextually I had placed the idea a Large Timeframe Seller was taking profits (TP) within the lower end of the Red Box. I claimed this as a Soft Low, and would then require a Higher Price to Sell into to then revisit and break.
I had placed the minimum requirement of considering to Sell at 5620 : The Full Transfer of Target. By here the Headline driven Gap has been filled, potentially inviting Stronger Sellers to step in.
I personally ran out of Patience into the 5550 Friday Close, but understood the Sequence fulfillment once the Flush was recovered back above.
This Sequence spanned many Headlines. Along the way may have revealed some insight into some US favorites, TSLA and AMZN.
TSLA had its earnings which I claimed Bull above 220. This, and on the day-of the Rally, called for the move into 285. A Gain of over +$60! (Strong Pivot : 252)
AMZN has its earnings this week which I am carefully watching. More later.
To sum it up before next sequence :
Last Release marked Bottom : Successful +500p Sequence
Buying Persists above previous Plan : A new Sequence Begins
SetU : LegacyProject : Orderflow > Orderflow II > Mentorship (Details Below)
Month Start : Beware