SPX500USD on the 4h chart, after a few tests pf the weekly resistance is trading above a support area .
The bears seem to have the strength to close the trading week below the 4000 zone.
How can i approach this scenario?
I will wait for a potential break of the support structure and in that case, i will search for a nice short order according to 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 bears seem to have the strength to close the trading week below the 4000 zone.
How can i approach this scenario?
I will wait for a potential break of the support structure and in that case, i will search for a nice short order according to 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.
Comment:
sometimes we need to wait to see a move we expect
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a 2.2% profit since my free call
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dropping as expected for A 7% profit since our idea
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another 8.5% profit call
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after the 9% drop the market look for some retracement
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a 10% call
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the price might be looking for some ends week retracement
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perfect support area
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bounce over the support
Comment:
possible lower low
