USOIL after our last week's amazing profit started a string retracement move.
The market tested the upper trendline of a descending channel exactly at the 0.618 Fibonacci level
According to Plancton's strategy, if the price will break below the support structure, we will 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
⋅
the market is bouncing over the support, if it will break above it will invalidate the idea