NASDAQ on the daily chart is testing the top of the descending channel.
The price on the 4h chart created a double top inside a minor ascending channel and currently testing the 0.618 Fibonacci retracement of the previous bearish leg.
IF the market will break and close below the support structure and consequently break the channel, we will set a nice short order according to Plancton's strategy.
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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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
The price on the 4h chart created a double top inside a minor ascending channel and currently testing the 0.618 Fibonacci retracement of the previous bearish leg.
IF the market will break and close below the support structure and consequently break the channel, we will set a nice short order according to Plancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Comment:
as expected
Comment:
the trendline holds the price