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SPX500USD dropping to the 4300? 🦐

Par InkyGrip
Mis à jour
SPX500USD on the 4h chart is moving in a descending channel and after a test of the upper trendline the price in the late session of yesterday dropped to a previous support area.
The price in fact has been rejected by the confluence zone between the 0.5 fibonacci area and the dynamic resistance and is looking now to break below the lower structure.

How can i approach this scenario?

I will wait for a break of the area and in that case i will check 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.
Note
snapshot a 3.6% call
Note
snapshot after the last retracement the market is looking for a new recent low
Note
snapshot a 5% profit call here
Note
snapshot after the drop the market has tested the 0.382 fib level below a resistance area
Note
snapshot an almost 6% profit now
Note
snapshot lower low and lower high, perfect example here
240minDaily ChartsDescending ChannelFibonacci Retracementsp500indexS&P 500 (SPX500)Trend Analysis
InkyGrip

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