plancton0618

SP500 can retrace over the resistance? 🦐

Long
OANDA:SPX500USD   S&P 500 Index
SP500 on the 4h chart reached as expected the weekly support.
The price started a choppy move and create a dirty double bottom that could lead to a retracement move to the upside.

How can we approach this scenario?

If the price will break the descending trendline and move over the resistance stricture we will set a nice long according to the Plancton Academy rules.

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Follow the Shrimp 🦐

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.
Comment: the price is moving in the range
Comment: perfect call so far
Comment: the price moves as expected
Comment: perfect test of the resistance
Comment: resistance rejection

🦐 FOLLOW THE SHRIMP🦐

🎯 Forex Telegram: https://t.me/plancton0618

πŸš€ Crypto Telegram: https://t.me/plancton_crypto

πŸ“š Plancton's Academy: https://t.me/plancton0618Admin

πŸŽ₯ YouTube Channel: https://www.youtube.com/c/Plancton0618
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