USOIL after the recent highs created a lower high move and i can expect some more retracement to the downside.
The market has now broken the head and shoulder pattern at the top of the last retracement wave and is moving to the support at the 98 zone.
How can i approach this scenario?
I will wait for the break of the structure and at the retest of if i will search for a nice short order according to the Plancton's strategy 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 market has now broken the head and shoulder pattern at the top of the last retracement wave and is moving to the support at the 98 zone.
How can i approach this scenario?
I will wait for the break of the structure and at the retest of if i will search for a nice short order according to the Plancton's strategy 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:
a break of the support as expected
