NASDAQ after the recent historical high couldnt creates new highs.
The price starts a retracement move and currently is moving inside a descending channel.
We will wait for the instrument to test the daily support and we will monitor the price for further price action.
If the market will bounce over it awe will wait for the application of our Academy rules and set a nice long order.
If the price instead will break below we will check the price at the retest for further opportunities.
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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.
The price starts a retracement move and currently is moving inside a descending channel.
We will wait for the instrument to test the daily support and we will monitor the price for further price action.
If the market will bounce over it awe will wait for the application of our Academy rules and set a nice long order.
If the price instead will break below we will check the price at the retest for further opportunities.
–––––
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:
breaking the support area already
Comment:
Retest of the resistance