SP500 on the 4h chart can provide us a short opportunity during the beginning of the trading week.
The price couldn't make new highs and melted over a 4h support after the test of the daily resistance.
How can we approach this scenario?
We will wait for the European market open and look for a possible break of the support zone .
In that case, I will search for the application of Plancton's strategy rules to 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.
The price couldn't make new highs and melted over a 4h support after the test of the daily resistance.
How can we approach this scenario?
We will wait for the European market open and look for a possible break of the support zone .
In that case, I will search for the application of Plancton's strategy rules to set a nice short order.
––––
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:
after a test of the 0.5 Fibonacci the price can move lower
