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US30 Closing first red day on the NFP day

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Hello traders and thanks for reading and supporting my idea!
US30 is actually building an interesting template and today it could complete a weekly pump and dump template. But to understand better the logic behind this template, let's analyse day by day what happened this week.

Monday, sets up the opening range of the week, the high low of the week is now in place and overall it was a dumping day as you can see during NY session time.

Tuesday expanded the range to the downside, closing back inside the range at the end of the day. That's our box of the week, money are lying above and below these extremes.

Wednesday nothing really interesting happened, considering that the price stayed inside the range almost all the day, slightly retesting the HOW just before the end of the day, closing the day in breakout, which is very important because now, breakout traders long are in the market and potentially driving this move.

Thursday consolidated almost all the day up high into the HOW, every attempt to break higher failed, eventually trapping the traders long in the wrong direction, stopping them out at the end of the day, closing the market as first red day and with breakout short traders involved.

Today, Friday, I can see the market placing a lower low into the low of day, which potentially reinforce the weakness of this market, and it's currently consolidating/coiling just below the closing price.

Overall, we are inside the previous weekly high low range, so I will be targeting the current LOW if the short scenario is identified.

As always, the template can give a thesis but a setup can drive the move, the following notes will explain better both the scenarios.

Gianni
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Regarding the short scenario, which is my main view at the moment, after NFP at 8:30am NYT, I would like to see the market either consolidating into the current HOD or closing price, or eventually it can be still a good short if the market will keep breaking lower for a trend continuation down, targeting the low of the week.
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However, there is also a possibility that the LOD failed, and the market can reverse from that level, I can't know, neither predict it, so just let's watching the session and see how the price will behave.

I will keep updating this post during the day
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Pump and dump setup for the end of the session, it was not clear and no entry (unfortunately) was taken. I still believe in the potential to reach to LOW!
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Weekly pump and dump completed by the end of Friday!

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