OIL: Day 3 breakout traders long in the market, frontside

Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”

1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)

• Monday DAY 1 Opening Range ✅ no daily 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
  
• 3 Days Long Breakout ✅
  
• 3 Days Short Breakout
  
• Inside Day
  

3. WEEKLY TEMPLATE

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

4. THESIS:

• Long: primary, breakout traders short still in profit from monday NY session, the breakout as well left a gap which usually is the most common place to be filled. Potential weekly dump and pump template can be completed (not necessary by today). The market closed in balance on Friday, and no other time frames are triggered yet. I will be waiting for a daily level to be triggered, and if a buy low setup will present, I will take it without any hesitation!
  
• Short: secondary, Wed to Fri I can see a potential "escalator up", which during the week it can lead to a short move going back into the low of week. However, the market opened inside the previous week, so let it to setup!
  

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

Komentarz:

Although the market moved nicely, almost hitting the target, it was not a great setup as per my style, now, other time frames are involved! let's wait for the second hour

Komentarz:

Other time frames are triggered in the market, price pumped back for 100+ pips, it could give a scalping reversal short if setup correctly, NYO 9:30am or 10am are my time for this potential trade

Komentarz:

Weekly pump and dump completed, the market has now broken out through the HOW... chances of a trend day today are pretty high!

Komentarz:

If the LOD placed in Asia session will hold, I will be looking for a buy low opportunity, LOD to HOD

Komentarz:

Nice dump and. pump, unfortunately I was able to scalp it only before 9am NYT