SILVER: First green day

4天前

4天前

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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 currently my primary view, Monday placed the opening range of the week, dumping down into the previous LOW, closing as well out of balance. Tuesday consolidated below the LOW, until it started breaking higher at the end of the day, placing a peak formation low in Asia session of Wed, which printed as well a higher high into the Tue high of day. Potentially this market is staring now the frontside move, and in this specific moment, the low of Asia, or closing price are the level I will be looking for a buy low, if a setup is presented after 8:30am CPI news release.
Short: I'm not really interested at the moment in shorting this market, however, the current high of Asia can be a level of reaction for a short scalp

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

4天前

注释

At the moment, the market is still inside the high low range, not interested in any sort of trade, however, the marked level (London PFL), can actually be interesting if some reaction is identified

4天前

注释