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NAS100: First red day, Friday day 3

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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 ✅

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: at the moment I'm not interested, Asia and London are already pumping, I won't buy up high.
Short: primary, first red day, long traders still in profit since monday, there are still good chances for this market to setup for a sell high opportunity if after the 10am MRN the price will lock the HOD or any other important level.

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

노트

The market on Friday closed as an inside day, the previous thesis to me, is still valid if setup correctly.

Currently Asia and London pumped the price but no boundaries has been triggered yet, I consider nas100 still inside the previous range.

I will be waiting for the HOD to be triggered for further market update