SP500 on the weekly chart after the previous bullish impulse bounces over the support level at the 3280 level over the 0.5 fib retracement.
The market after a double bottom manages to break above the 3530 area and move to the next resistance zone at 3640.
During next week we can expect the price to retest the resistance structure now turn support for a new bullish move.
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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 after a double bottom manages to break above the 3530 area and move to the next resistance zone at 3640.
During next week we can expect the price to retest the resistance structure now turn support for a new bullish move.
–––––
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:
as expected
Comment:
nice move