Weekly [07/23] Study

I want to side with the Seller in this range

07/16 RTH+ : Reward : Multiday Trend

Pivot : 20640
Shorts to : Initiate below 20430 (or sooner)

I had last left the Stack with my Bearish approach of Siding with the Seller at $NQ : 20640 to seek a flush and continuation // multi-day trend. The following session had gapped down on headlines and my Put position net an 800% gain : 1100% if held to Close. Incredible.

The Market had two more legs down completing the requirements for a multiday Trend but certainly ran into some competition at these freshly made lows. It was to my understanding that a Buyer was found that prevented even further lows from being made, but their presence alone isn’t ‘always’ enough to change the Tide; which leaves us to where we are Today.