SP500 on the 4h chart started the week with an uptrend move.
The market after a distribution phase tested the previous support now turned resistance and took the liquidity with a false breakout of the area.
The price after the rejection move to the top level of the distribution box and a possible bearish continuation can be seen.
How can u approach this scenario?
I will wait for the European market open and IF the price will break below we can set a nice short order according to the Plancton's strategy rules.
āāāā
Follow the Shrimp š¦
Keep in mind.
ā¢ š£ Purple structure -> Monthly structure.
ā¢ š“ Red structure -> Weekly structure.
ā¢ šµ Blue structure -> Daily structure.
ā¢ š” Yellow structure -> 4h structure.
ā¢ ā«ļø 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 market after a distribution phase tested the previous support now turned resistance and took the liquidity with a false breakout of the area.
The price after the rejection move to the top level of the distribution box and a possible bearish continuation can be seen.
How can u approach this scenario?
I will wait for the European market open and IF the price will break below we can set a nice short order according to the Plancton's strategy rules.
āāāā
Follow the Shrimp š¦
Keep in mind.
ā¢ š£ Purple structure -> Monthly structure.
ā¢ š“ Red structure -> Weekly structure.
ā¢ šµ Blue structure -> Daily structure.
ā¢ š” Yellow structure -> 4h structure.
ā¢ ā«ļø 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.