plancton0618

SP500 Monthly/Weekly/Daily analysis 🦐

OANDA:SPX500USD   S&P 500 Index
SP500 on the monthly chart is testing the upper side of the huge channel.
On the weekly chart the price found support at the 3300 level before starting a new impulse till the top of the channel.
ON the daily chart we can notice how the price got perfectly rejected by the monthly trendline.
During next week market can hit the daily support and break below to test again the daily channel or can bounce over it to retest the monthly channel as in the drawings.


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Keep in mind.

β€’ 🟣 Purple structure -> Monthly structure.
β€’ πŸ”΄ Red structure -> Weekly structure.
β€’ πŸ”΅ Blue structure -> Daily structure.
β€’ 🟑 Yellow structure -> 4h structure.
β€’ ⚫️ 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.
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Comments

gj man nice chart.Δ°ts like going to double tab and fall.
+1 Reply
@ibasafak, thanks bro
Reply
professional analysis
+1 Reply
plancton0618 SpartaBTC
@SpartaBTC appreciate your feedback
Reply
like+++
+1 Reply
@Solldy many thanks bro
Reply
Nice analysis
+1 Reply
plancton0618 Liam-Anderson
@Liam-Anderson appreciate it 🍿🦐
Reply
thanks for chart)
+1 Reply
@Lingrid thanks to you 🦐
Reply
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