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InkyGrip
6 apr 2022 04:51

NAS100USD on a double top 🦐 Kort

US Nas 100OANDA

Beskrivning

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NASDAQ on the 4h chart after the recent bullish impulse create a double top below a daily resistance.
The price at this stage couldn't break above and after the double test of the structure is moving for a 2nd test of the support area.

How can we approach this scenario?

We will wait for a break of the support and if that will happen i will search for the Plancton academy rules to set a nice short order.

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Follow the Shrimp 🦐

Keep in mind.
🟣 Purple structure -> Monthly structure.
πŸ”΄ Red structure -> Weekly structure.
πŸ”΅ 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

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Price has broken the support area as expected

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tradingview.com/x/i2d5cwLf/break and retest a classic evergreen

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a perfect analysis

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a perfect touchdown over the support for almost a 5% profit

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test of the support area

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bear flag formation

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testing the support, waiting for a clear break
Kommentarer
Sobhan_23
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Turned out to be a good trade πŸ‘πŸ»
I’ve a question ,what’s the number of moving average you’re using and how do you use it ? Is there a video about it in your youtube channel?
InkyGrip
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@Sobhan_23, hi you can get more info about our tool in our channel, thanks for the feedback
KlejdiCuni
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Thanks for sharing. Indexes are all moving down since yesterday. U.S is one day bearish and one day bullish...not clear at all.
InkyGrip
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@KlejdiCuni, agreed, unstable situation at the moment
HAMED_AZ
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Nice chart
InkyGrip
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@HAMED_AZ, you are welcome
Mer