NAS100: Day 3 breakout shorts in the market

Jun 25

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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 ✅ no daily 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: secondary, not really interest today about the long view, the market is still on the backside and counter trending could be only a stop hunt 3 session setup if a dump and pump is identified on the CP or previous low of the day.
  
• Short: primary, potential 3 weeks pump and dump, market look like breaking down on the backside. Short are still in control. I would be interested if the market confirm a pump and dump scenario, holding till 10am NYT
  

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

Jun 25

Note

10 minutes to the news, the market is still on the frontside, do not counter trend

Jun 25

Note

market breaking higher, still on the frontside, I don't see any setup for today