SP500 a short term outlook 🦐

SP500 on the 4h chart after the last bearish leg has tested the 0.886 Fibonacci level at the daily resistance.
The market is now trading over a support area at the 3875 zone.

How can i approach this scenario?

I will wait for a potential break of the structure and in that case i will look for a nice short order according with the 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.

Kommentera:

waiting for the Us market open and a possible break

Kommentera:

break and now looking for the retest

Kommentera:

2.8% 'profit here

Kommentera:

3.3% profit