This is a follow up to my last publication (see link below for reference purposes) as price action is confined within our reversal structure (Inverse H & S) and Range (Channel) with the tendency of a rally that might lead to the correction of the overall downtrend perspective. Tendency: Uptrend (Bullish) Structure: Reversal pattern | Breakout | Supply...
EURCAD on the daily chart after the round bottom that ended at the monthly resistance started a retracement into a descending channel (handle). The market reached and attempt to break the 0.618 Fibonacci level retracement. According to Plancton's strategy if the conditions will be satisfied we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣...
AUDJPY after our last analysis retest the weekly resistance. The price created a rising wedge formation near the 0.618 Fibonacci retracement. According to Plancton' strategy, if the condition will be satisfied, we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...
USDCNH after testing the lows near a dynamic trendline retraced inside a minor ascending channel. The market reached the 0.618 Fibonacci retracements and now testing a support According to Plancton's strategy, if the conditions, will be satisfied, we will set a nice short position. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴...
After our last analysis on UK100 index we look for a new opportunity. The price on the 4h chart retraced inside a channel until the 0.618 where the market found a support. According to Plancton' s strategy if the conditions will be satisfied, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴...
Fib levels from these swings and their target. Lower frame coming up next. I will also post bear boy bot next. Always be aware of the guy against you unless you’re a savage and do both.
EURAUD is moving inside a descending channel. The price after the bounce on the weekly support retraced back until the 0.618 at the retest of the resistance. IF the market will break below, according to Plancton's strategy, we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
SP500 after the break of the range bounces at the 0.618 Fibonacci level. The price which is moving inside a minor descending channel is looking to test the upper trendline soon. According to Plancton' s strategy, if the price will break above, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴...
GBPCAD on the 4h chart is moving within a descending channel. The price yesterday fall sharply until the 0.618 Fibonacci retracements and now testing a support. If the price will break above, according to Plancton's strategy we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure ->...
hi it is a weekly analysis of BANKNIFTY and we can see the retrace on the price due to Covid-19 is now close to 50% Fibonacci level and it can have a touch on 61.8% too and then a big reversal and it will touch the 100% of Fibonacci expansion we can notice a divergence in MACD too which is an other reversal sign and when combined with Fibonacci levels we can see...
SP500 on the 4h chart after the last impulse, retraced inside a bull flag. The market bounced over the 0.618 and according to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily...
Rejection off the 61.8 Fib we should see price push to the upside towards the Fib extension levels
EURCHF on the 4chart is ranging between a monthly resistance and a daily support. The price after the last impulse retraced until the 0.618 Fibonacci level and now looking for a new impulse. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
Zbliżamy się do bardzo ważnego wsparcia wynikającego z położenia wewnętrznego mierzenia 61,8% fibo ~ 33200. Warto pamiętać, że kolejny poziom 78,6% również będzie istotny z uwagi na cluster z projekcją FE 161,8%. Wydłużenie Fibonacciego (FE 161,8%) może utworzyć na rynku Bitcoina rozbudowaną korektę pędzącą, co przy tak rozgrzanym rynku jest bardzo prawdopodobne....
GBPUSD on the daily chart testing the support area at 1.35300 over the 0.5 Fibonacci retracement. The price which looks in a bullish environment will probably move below for a test of the 0.618 or 0.786 Fibonacci level. We will monitor the new inversion to set a nice long order when the condition of Plancton's strategy will be satisfied ––––– Follow the Shrimp...
GOLD on the daily chart moves inside a descending channel within a major ascending one. The price after the last bullish impulse reached the upper trendline and got sharply rejected at the 1845 level over the ascending trendline and our beloved 0.618 Fibonacci level IF the market will manage to break below we can expect a new test of the support area at the 1780...
When we look at the chart we can see that gold has dropped today. It is now at a previous level of support and resistance so it could move up from there. The thing that I am worried about is when we look at the Fibb level of the whole upward move we see that the price went down right on the 0.618 Fibb retracement. We can also see that the price was close to the...
NASDAQ after reaching the new high retraced back. The price touches the 0.618 and now consolidating below the 12800 zone. If the condition of Plancton's strategy will be satisfied we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡...