Hi 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 ✅ day 3 cycle
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: primary, looking for a buy low setup going back to the previous HOW, completing the weekly dump and pump.
Short: secondary, market left a "gap" during the strong momentum push of Friday, I wouldn't exclude a short trade setup during the third hour NY (10am), if a buy low is presented.
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
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Daily overview
At the moment it looks like setting up for a dump and pump
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Waiting for the news release, currently the market consolidating on the LOD.. dump and pump scenario? Every entry from 10:01am NYT
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Piece working lower at the LOD, not consolidating for an explosive reversal, no trade
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I have to admit that US30 yesterday setup perfectly for a reversal trade back to the breakout traders of Friday, note the lower low during NY session for a pump and dump, price below the ema 5 min chart. However the week has just started!