SP500 on a rising wedge? 🦐 Short

US SPX 500OANDA

Description

⋅ Feb 27, 2021 8:37 AM

SP500 after the incredible bull run closed the week in a downtrend.
The market creates on the daily chart a rising wedge.
According to Plancton's strategy, if the price will break below, we can set a nice short order.

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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.

Comment

⋅ Mar 4, 2021 12:41 PM

The market is testing the support

Trend Analysis sp500index S&P 500 (SPX500)Daily Charts Rising Wedge

Comments

KristenDuberge

⋅ Feb 28, 2021 2:42 AM

thanks

InkyGrip

⋅ Feb 28, 2021 3:08 PM

@KristenDuberge, thanks mate 🚀

darkmode

⋅ Feb 28, 2021 6:36 AM

Watching the same myself, curious to see how next week closes

InkyGrip

⋅ Feb 28, 2021 3:08 PM

@darkmode, yes, it will be also the start of the monthly candle so some tricky move can happen, stay tuned 🤙

TheSignalyst

⋅ Feb 28, 2021 12:50 AM

plancton keep shining brother!

InkyGrip

⋅ Feb 28, 2021 3:08 PM

@TheSignalyst, cool, appreciate it mate 🤙🚀

GreenCandleTrading-GCT

⋅ Feb 28, 2021 12:34 AM

Great chart mate! I think however we will have another and final ATH before a big fall..

InkyGrip

⋅ Feb 28, 2021 3:09 PM

@GreenCandleTrading-GCT, thanks for sharing your vision with us 🦐

isabellaalexandra

⋅ Feb 27, 2021 11:07 PM

Wedges in SPX usually do a lot of this, the ultimate target being the apex.

InkyGrip

⋅ Feb 28, 2021 3:09 PM

@isabellaalexandra, we will monitor further price action during the upcoming week, thanks for sharing mate 🦐