US30: First green day!

18 Jun

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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 ✅ day 3 cycle
  
• 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: primary, failed breakout LOW, the market looks started the backside move, long are in the market, current HOW has been triggered and now dumped for 3 levels. After 9:30am if the market will stay down low I will be looking for a buy setup.
  
• Short: secondary, not really interested today, unless the market pumps up into the current HOD/HOW and stays in consolidation till NY opening 9:30am
  

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

18 Jun

Nota

If the LOD will hold till 9:30am NYO, it can give an interesting reversal trade

18 Jun

Nota

9:30am NYO, dump and pump completed! Well done for the traders that took this nice trade!