The price is testing the daily and 4h resistance inside a falling wedge on the weekly support. I don't consider the Spike about FOMC.
How to approach it?
The price needs to hold the ascending channel inside the falling wedge, otherwise we could see a new bearish impulse until the 18k
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Follow the Shrimp 🦐
Keep in mind.
How to approach it?
The price needs to hold the ascending channel inside the falling wedge, otherwise we could see a new bearish impulse until the 18k
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Comment:
Nothing changed during the weekend, the price is following my arrow. We are watching the weekly support as I said in my idea