OIL after the recent highs retraced over the 0.382 Fibonacci level.
The price moved inside a bull flag and created a second bottom over the support area.
According to Plancton's strategy if the market will break above we can set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
The price moved inside a bull flag and created a second bottom over the support area.
According to Plancton's strategy if the market will break above we can set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Comment:
The price perfectly followed our analysis
Comment:
a slight retracement after the run
Comment:
retracement to the support level
Comment:
the market bounces over the support
Comment:
testing a resitance
Comment:
bull rejection by the trendline
