SPX500USD on the 4h chart is trading above a support area .
The price after a recent test of the 0.5 Fibonacci area seems 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.
ââââ
Follow the Shrimp đŠ
Keep in mind.
âą đŁ Purple structure -> Monthly structure.
âą đŽ Red structure -> Weekly structure.
âą đ” Blue structure -> Daily structure.
âą đĄ Yellow structure -> 4h structure.
âą â«ïž 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 price after a recent test of the 0.5 Fibonacci area seems 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.
ââââ
Follow the Shrimp đŠ
Keep in mind.
âą đŁ Purple structure -> Monthly structure.
âą đŽ Red structure -> Weekly structure.
âą đ” Blue structure -> Daily structure.
âą đĄ Yellow structure -> 4h structure.
âą â«ïž 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:
moving to the support area as expected
Kommentera:
a 4.5% profit since my call
Kommentera:
the market has tested once again our strong trendline
Kommentera:
7% call
Kommentera:
a break of support can prived a bearish continuation
