GOLD on the 4h chart has reached the 0.618 Fibonacci retracement support.
The price has been recently rejected by the 1870 resistance structure and dropped sharply and for this reason we can see a further retracement to the 0.786 support area.
According to Plancton's strategy if the market will break above the 0.5 Fib level and satisfy the ACADEMY rules we will set a nice long order.
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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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The price has been recently rejected by the 1870 resistance structure and dropped sharply and for this reason we can see a further retracement to the 0.786 support area.
According to Plancton's strategy if the market will break above the 0.5 Fib level and satisfy the ACADEMY rules we will set a nice long 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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Comment:
retest of the 0.618 Fib
Comment:
price is following my drawings
Comment:
moving as expected