NAS100: First red day, on the backside
Updated
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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 ✅ day 2 cycle
- 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: secondary, not really interested in it, unless a 3 sessions setup dump and pump is identified after 10am, not really into it today.
- Short: primary, potential weekly pump and dump, currently the price placed a lower low into the LOD and started pumping up. If the price will lock the high for a reversal short trade after 10am , I will be willing to take it.
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
Note
Remember, indexes open at 9:30am NYT, you can have a setup till 10am, but don't be involved in any position just before the news release.I will updating the daily view during the NY session
Note
I would be interested in nas if it will place a lower low
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