SPX500USD on the 4h chart has tested an important confluence zone.
The market got rejected and is now giving the opportunity of a bearish price action.
How can i approach this scenario?
I will wait for the US market open and if the market will break below i will set a nice short order according to the Plancton's strategy rules.
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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 market got rejected and is now giving the opportunity of a bearish price action.
How can i approach this scenario?
I will wait for the US market open and if the market will break below i will set a nice short order according to the Plancton's strategy rules.
––––
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 below as expected
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perfect 2% short call at the perfect reversal point
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2.8% profit call here
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3.5% call
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testing the resistance level
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a bearish continuation can be expected after the US open
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a 6% call here for our strategy!
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looking for a retest of the 0.381
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we got an almost 7% here