US30: Day 3 long traders in the market, previous HOW reached

21 giu

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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
  
• 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

21 giu

Nota

Daily overview
News at 9:45am NYT, every potential trade will be taken after that

21 giu

Nota

The LOD did not hold, market went lower, still watching till 9:45am

21 giu

Nota

Market reached current HOD, potential of range expansion, is out of balance