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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: secondary, although I'm currently looking for a short setup, I cannot exclude Friday as the beginning of a dumping phase, and the market today is potentially consolidating around the Fridays low. A re test of the LOD can setup for a long scalp.
Short: primary, considering the overall template, although is Monday and typically not really volatile, I can see this market (if setup), keep going lower back into the previous LOW. The lower low (LL) with the further intraday pump could be a great clue of this movement.
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
