NAS100: First green day, three days cycle

4 giu 2024

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“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 ✅ day 3 cycle
  
• 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: primary, market potentially coiling for an explosive move back to the HOD or HOW, I will take this trade in consideration if buy 10am NYT the price action will be auctioning down low into the current LOD.
  
• Short: secondary, is not the trade I'm interested today, but I can see a potential pump and dump starting from Friday LOW. If the market will keep breaking down for a pump and dump into the Friday CP, or market pumping back up into yesterday CP/HOD, then a sell high could also be an interesting alternative.
  

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

4 giu 2024

Nota

DAILY OVERVIEW


waiting 9:30am NYO, keep watching, I'm looking for dump and pump

4 giu 2024

Nota

Although the market reached the CP of yesterday, I do not think there were a nice entry possibility on this market. No trade today