NAS100: First red day

1 Jul 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 ✅ day 2 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: secondary, not my main setup, however I could scalp long if after 10am, the market will consolidate at the current level (Friday LOD) for at least 30/45 minutes for a reversal trade back to the current HOD
  
• Short: primary, possibility to see down continuation, going to completed during the upcoming days the weekly pump and dump scenario. I will be looking for a pump and dump in my session (NY) after all the news will be release.
  

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

1 Jul 2024

Nota

Lovely short after NYO 9:30am and 5 minutes after news release. Price on the backside move!