SP500 on the 4h chart after the recent low is moving in a range between 2 structures.
The price is now approaching the upper one and we can expect some further retracement to the upside during this week.
How can i approach this scenario?
I will wait for the US market open and in the case that the market will break above i ll be looking for a nice long 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 is now approaching the upper one and we can expect some further retracement to the upside during this week.
How can i approach this scenario?
I will wait for the US market open and in the case that the market will break above i ll be looking for a nice long 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.
Commentaire:
testing the resistance, a clear break above will be important
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still looking for a possible break above
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waiting for the US market open
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bullish continuation
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a perfect bounce over the support
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a bull flag break can confirm the uptrend
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break of the flag for a 3% gain since our idea
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5% profit
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6% profit
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testing the resistance area, a break above will be a bullish sign
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a strong resistance is holding the uptrend
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still testing the resistance area
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pushing for a break