monday range: a complete guide a thread 🧵
Luckshury@Luckshuryy
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Apr 23, 2025
~1 min read
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monday range: a complete guide
a thread 🧵
a thread 🧵
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what is monday range?
using the high/low of monday as a anchor to form a bias for the remainder of the week.
marking this out from tuesday morning is the most common practice and what I would recommend.
- sweeps
- clean breaks
both used to form bias from tuesday onwards.
using the high/low of monday as a anchor to form a bias for the remainder of the week.
marking this out from tuesday morning is the most common practice and what I would recommend.
- sweeps
- clean breaks
both used to form bias from tuesday onwards.
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sweeps:
sweeps above/below monday range can be an early sign of mean reversion to the opposite side of monday range.
identifying new longs being caught offside above/below can be an early indication of this.
check:
- open interest (increasing)
- delta increasing (if above)
- delta decreasing (if below)
if price sees acceptance back into monday range, traders are offside and push price back to the opposite side of mondays range.
example ↓
sweeps above/below monday range can be an early sign of mean reversion to the opposite side of monday range.
identifying new longs being caught offside above/below can be an early indication of this.
check:
- open interest (increasing)
- delta increasing (if above)
- delta decreasing (if below)
if price sees acceptance back into monday range, traders are offside and push price back to the opposite side of mondays range.
example ↓
4
break of range:
a clean break of monday range generally can indicate for a trending week.
especially if the break comes with tuesday closing outside of monday look for trend continuation.
example ↓
a clean break of monday range generally can indicate for a trending week.
especially if the break comes with tuesday closing outside of monday look for trend continuation.
example ↓
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my favourite setup:
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hope you found this topic useful.
be sure to follow for more and let me know if there is a specific topic you would like covered.
be sure to follow for more and let me know if there is a specific topic you would like covered.