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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, potentially a weekly dump and pump scenario if a buy setup will present. Tomorrow is US bank holiday, I don't expect this market to make a large move, also because is still in consolidation.
Short: secondary, the inside day can also be a setup for a reversal trade, however, at the moment looks like the market placed a higher high at Monday HOD and started dumping for a pump.
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
ملاحظة
I would like to see a higher high on the inside, before taking in consideration the long here
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