OIL on the weekly chart (left side) hit the monthly resistance (purple) before being rejected back to the weekly support at the 36 level.
Price bounced creating a double bottom higher close candle.
On the daily chart (right side) the market after a nice impulse hit the daily resistance at the 42 level and got rejected until the 0.5 fib level retracement.
IF the price will break above the daily structure we can set according to Plancton' strategy a nice long order.
IF the price will break below the support at 39 level we can set a short order according to Plancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Price bounced creating a double bottom higher close candle.
On the daily chart (right side) the market after a nice impulse hit the daily resistance at the 42 level and got rejected until the 0.5 fib level retracement.
IF the price will break above the daily structure we can set according to Plancton' strategy a nice long order.
IF the price will break below the support at 39 level we can set a short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.