Weekly [11/18] Study
Presented to You by Orderflow. A Tale in Two Parts.
Pivot : 21140 // Shorts to : 20715 // 20240
Now with the dust settled, the clarity of my Plan can be witnessed.
I was Max Bullish from 20240 → 21240. At 21240, I expected Bearish Sentiment.
At 21140, -100p Lower, I knew that Seller was firmly in Control.
21240/21140 → Flushes into 20715 : Breaking a significant Pivot.
However, the underlying Tape suggested that this was indeed the Dip to Buy.
This would invalidate further targets like 20240 by Close.
A Rocky Start as my Initial Gap Down, continued lower : But as mentioned, the tape was going bid, just not intraday respected. This opened my window to 1w timeframe where I said : The Market will be higher than this point within 7days or I’m wrong.
The very next session : we Gap Up to prior Day Highs.