US30: Day 3 long traders in the market, previous HOW reached
Updated
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“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
2. SIGNAL DAY
3. WEEKLY TEMPLATE
4. THESIS:
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
- Monday DAY 1 Opening Range
- Tuesday DAY 2 Initial Balance
- Wednesday DAY 3 (reset DAY 1) Mid Point Week
- Thursday DAY 2
- Friday DAY 3 Closing Range ✅ no daily cycle
2. SIGNAL DAY
- First Red Day
- First Green Day
- 3 Days Long Breakout ✅
- 3 Days Short Breakout
- Inside Day
3. WEEKLY TEMPLATE
- Pump&Dump
- Dump&Pump ✅
- Frontside ✅
- Backside
4. THESIS:
- Long: primary, two weeks of dump and pump scenario has been completed yesterday at the end of the session. The market broke higher and started today dumping down for 3 level. I want to see how the price is going to behave after 9:30am NYO and news release. If the 3 session dump and pump will hold, I will be more than happy to take a long continuation.
- Short: secondary, I don't see this market coming all the way back down, however, if after 9:45am a pump and dump 3 session is identified, I could be happy to scalp a short trade.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Note
Daily overview
News at 9:45am NYT, every potential trade will be taken after that
Note
The LOD did not hold, market went lower, still watching till 9:45am
Note
Market reached current HOD, potential of range expansion, is out of balance
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