NAS100: Day 3 longs in the market, inside day, still frontside

20 juin 2024

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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 ✅ No daily cycle started yet
  
• 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, still interesting to see this market proceeding long, eventually if before NYO 9:30am the market will dump into the yesterday HOD, consolidating for 30/45 min.
  
• Short: primary, not looking for a short sharp movement back into the LOW. The market is still on the frontside, potentially still trending, but looks like setting up for a scalp short HOW to current LOD.
  

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

20 juin 2024

Note

The market just placed a lower low, pump 100 pips, let's see if it will hold till 9:30am

20 juin 2024

Note

First target reached, no entry

20 juin 2024

Note

PUMP AND DUMP completed