Weekly [11/10] Study
Hello SetStack : How about them Warning Shots.
ES from release : Trades 6925 → 6640* : -300p Rejection from Highs!
NQ from release : Trades 26250 → 24700 : -1600p Rejection from Highs!
Last Weeks’ Release had focused in on a Short Term shift in the Auction.
Orderflow at Highs had suggested a Seller may be attracted to Price;
Thus calling for Persistent Downside attempts below 6925.
For a move into Orderflow Pivot 6640.
As shared, I am expecting this sequence to respect Higher Structure Balance.
There are only a few Key Levels this week to decide if Balance decides to Break.
Let’s dive right in.
