NAS100: Inside day, first green day

25 Okt 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
  
• 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: this is my main scenario, I can potentially see a weekly dump and pump starting from Wednesday, day where the market broke through the low of week and started reversal. Yesterday, Thursday, we can see a coiling, closing the day as an inside day and first green day, a potential long signal. After the equity opening at 9:30am, I will be willing to take a long setup if presented.
  
• Short: this is my secondary scenario, sometimes we can see the inside day acting as a trading range false break reversal if the market will setup for a short trade.
  

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

25 Okt 2024

Nota

This first hour the market is still breaking higher, not really a setup is identified yet, but NAS and indexes typically move at 9:30am NYT

25 Okt 2024

Nota

Second hour, still expanding the range

25 Okt 2024

Nota

No entry as per my style, but main thesis long (go reading the description) has been reached!
Coiling and explosive move back into the HOW