GOLD: Inside day, first green dayHi 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, potential weekly dump and pump, Friday closed as first green day and inside day. If the price will keep consolidating until NY session, I will be willing to enter long. Monday is day 1, opening range of the week, I do not expected huge movements.
Short: secondary, the inside day, however, can be consider as a reversal signal, in the scenario the HOD will trap volume and fail. I do not see this today, but I wouldn't exclude this scenario. Follow the market update to know with setup I'm hunting for the day.
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
