SP500 on a retracement move? 🦐

SP500 on the 4h chart after the recent low is moving in a range between 2 structures.
The price is now approaching the upper one and we can expect some further retracement to the upside during this week.

How can i approach this scenario?

I will wait for the US market open and in the case that the market will break above i ll be looking for a nice long order according to the Plancton's strategy rules.
––––
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:

testing the resistance, a clear break above will be important

Kommentera:

still looking for a possible break above

Kommentera:

waiting for the US market open

Kommentera:

bullish continuation

Kommentera:

a perfect bounce over the support

Kommentera:

a bull flag break can confirm the uptrend

Kommentera:

break of the flag for a 3% gain since our idea

Kommentera:

5% profit

Kommentera:

6% profit

Kommentera:

testing the resistance area, a break above will be a bullish sign

Kommentera:

a strong resistance is holding the uptrend

Kommentera:

still testing the resistance area

Kommentera:

pushing for a break