NAS100: Inside day, first green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“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 ✅
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: this is my main scenario, I can potentially see a weekly dump and pump starting from Wednesday, day where the market broke through the low of week and started reversal. Yesterday, Thursday, we can see a coiling, closing the day as an inside day and first green day, a potential long signal. After the equity opening at 9:30am, I will be willing to take a long setup if presented.
Short: this is my secondary scenario, sometimes we can see the inside day acting as a trading range false break reversal if the market will setup for 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