USOIL on the 4h chart after the recent high is moving in a slow retracement to the monthly support.
The market is possibly looking for the 0.618 and the main outlook remain bullish.
How can i approach this scenario?
I will look for a test of the support area and IF the price will provide us a sign of inversion 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 market is possibly looking for the 0.618 and the main outlook remain bullish.
How can i approach this scenario?
I will look for a test of the support area and IF the price will provide us a sign of inversion 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.
Commentaire:
testing the 0.5 Fib support