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.
• 🟣 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 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.
––––
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:
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