OIL: Day 3 short in the market, inside day and potential FGD

25 juil.

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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
  
• 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, considering the overall template and signal day, I would be looking for a long trade if the market will consolidate till 9am at least for a potential dump and pump template, long trade back to Asia high.
  
• Short: secondary, no daily high has been triggered yet, Oil can potential keep going down. I do not exclude a blow off with the original trend. However, is not a setup I mastered
  

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

26 juil.

Note

Daily dump and pump completed, congrats to everybody was able to capitalise on this market!