NAS100: Inside Day

27 May

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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 3 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 ✅ (possible variation of FGD considering Thursday as a dump day)
  
• 3 Days Long Breakout
  
• 3 Days Short Breakout
  
• Inside Day ✅
  

3. WEEKLY TEMPLATE

• Pump&Dump ✅
  
• Dump&Pump
  
• Frontside ✅
  
• Backside
  

4. THESIS:

• Long: primary, taking in consideration the Thursday dump, there are high chances to too this market going to stop the trader short from HOW.
  
• Short: secondly the previous LOW hasn't been completely stopped yet, the market can trap volume to retest that level, however, I'm pretty neutral with the bias, giving a little bit of more priority to the FGD (because is the most recent price action)
  

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

27 May

Not

Today is US bank holiday, I would not be trading, intraday chart and setup will be updated on tomorrow Tuesday 28th of May, have a lovely day traders!

28 May

Not

Nas100 placed a higher high at the current HOW, starting dumping back down. If the market will start consolidating into the LOD, I will be looking for a long entry still in line with my yesterday long thesis

28 May

Not

Still a possibility of a long setup, however, not as for my criteria and NY session almost done.