USOIL on the 4h chart was trading inside a descending channel in a series of lower low lower high.
The price tested the daily support and moved back below a the weekly resistance.
How can i approach this scenario?
I will wait for a potential break of the resistance and if that will occur i will look for a nice 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 price tested the daily support and moved back below a the weekly resistance.
How can i approach this scenario?
I will wait for a potential break of the resistance and if that will occur i will look for a nice 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:
breaking above as expected
Comment:
a 4% call
Comment:
5% call
Comment:
supply area rejection
Comment:
double top at the resistance