DOW JONES Monthly/Weekly/Daily analysis 🦐

Dow on the monthly channel after the drop caused by corona hit the lower part of the uptrending channel and rise back for 5 months in a row.
On the weekly channel we can see that market almost reached the historical highs but got rejected around the 29200 area.
Price found support at 27150 zone.
On the daily chart the market bounced at the 0.786 fib level of the previous leg and found resistance at 28000.
IF the market will break and close above this area we can set a long order.
IF the price instead will break below the daily structure we can look for a test of the lower daily structure.

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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.

Kommentera:

Nice break above structure

Kommentera:

Nice bullish continuation

Kommentera:

price can go now for the test of the recent highs