SPX500USD dropping to the previous low đŠ
SP500 on the 4h chart can provide us a short opportunity during the beginning of the trading week.
The price creates a perfect retracement to the 0.618 Fibonacci level and is now testing a daily confluence area.
How can we approach this scenario?
We will wait for the European market open and look for a possible break of the support zone.
In that case, I will search for the application of Plancton's strategy rules to set a nice short order.
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 creates a perfect retracement to the 0.618 Fibonacci level and is now testing a daily confluence area.
How can we approach this scenario?
We will wait for the European market open and look for a possible break of the support zone.
In that case, I will search for the application of Plancton's strategy rules to set a nice short order.
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:
another sharp and spotted analysis
Kommentera:
retest of the 0.382 and down to the support
Kommentera:
After a test of the 4300 level exactly at the 0.382 the market is possibly creating a lower low
