Weekly [12/01] Study
I’m currently eyeing the prominent Low Volume Area of the Merged Profile (Left).
Structurally, a valid location to Pin and Prompt the next Auction.
![Weekly [11/18] Study](https://substackcdn.com/image/fetch/w_140,h_140,c_fill,f_webp,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1774564d-ea99-4742-a1cc-710c9479dbdd_2048x1748.png)
I signed off my previous release with expectations of Pin within the Gap.
We Closed both weeks within this gap, pinned.
The market activity within these two weeks have come with wide rotations often breaking one end of the extreme, only to be snapped back viciously to auction the gap further.
NQ 11/18 - 11/29 : 30M RTH with plan.
The Market flushed three times into Pivot 20480. Each Offer kissed by 20715 at Highs.
The Market flushed two times into Pivot 20715. Each Bid supported by 20715 Lows.
The Market was pinned closing both weeks inside the Gap.
The above are facts, not my opinions of the Market. Unfortunately this Month, my execution was less than desirable on my main instruments. For some strange reason I detected correctly negative flows on Secondary Markets, but left me chopped up when reading my beloved NQ/ES. So much for having correlating assets…
TOP // BOTTOM // TOP : tophat-peach-tophat
This Sequence was swift and clean. Likely the main driver of my Index confusion. I’m a believer that Orderflow works on all instruments. Gold (GC) is just another one on the list. 2710 was simply another Set-up : twice :
Gold Flushed from Pivot 2710. With violence.
Gold Supported from Buyer 2540. Accumulation.
Gold Flushed again from Pivot 2710. With violence x2.
The next break of Balance should continue another directional leg. (Harmony Break).
I prefer new downside to entice an even more convincing Buyer.
Elon, another Classic. Two levels, two bangers.
With the Sky falling, TSLA found ($315) Support. It got Better.
With the Rockets flying, TSLA found ($355) Resistance. It got Worse.
This Stock will always have unique rules set aside for it. Understanding when a TSLA move is REALLY turning is part of Pivots #1.
This Sequence really began around ($240) Pivot where we bought the Election Squeeze.
This Continuation has favorable upside above ($355) Resistance. Can get much better.
I uniquely prefer continuous upside, regardless of other Market conditions.
It IS TSLA after all…