Weekly [09/16] Study
Presented to You by Orderflow.
My latest edition left you with Price Balancing Above the Gap.
Shockingly, Price managed to not only Flush the Lows (-900p) but also spark a full recovery rally (+1100p) to Close back into the Auction : Balance Above the Gap.
Thoughts on this Price Action below.
Our Auction Pivot was set to : 19330 to the Downside.
It Flushed -900p lower leaving a large runway to chase Sellers below the Gap.
I’ve given it at 18450 : Never Sell Again
Now 19040 : Dips Continue Being Bought
This Flush comes with some accuracy However as quoting our [08/14] Release, 18450 marks the Bottom of this Rally back to 19330 / 19660. (+850p / +1200p)
08/14 RTH+
Pivot : 18450
Longs to : 19040 / 19330 / 22xxx
*When Timeframes Collide*
More on this later, but it will be important to note that the most recent down-move was met with the most recent up-move; Stemming from Pivot 18450.
