NASDAQ on the 4h chart after the test of the 14300 resistance open the current session with a move to the 4h support.
The price at this stage couldn't break below and after the test of the 0.786 fib level is now trading above the 0.5.
How can we approach this scenario?
We will wait for a break of the support and the US market open and if that will happen i will search for the Plancton academy rules to set a nice short order.
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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.
The price at this stage couldn't break below and after the test of the 0.786 fib level is now trading above the 0.5.
How can we approach this scenario?
We will wait for a break of the support and the US market open and if that will happen i will search for the Plancton academy rules to set a nice short order.
–––––
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.
Commento:
a potential break can happen with the nfp news
Commento:
after the price the market is moving for a retest, waiting for the us market open
Commento:
break and retest as expected
Commento:
an easy 5% profit with a break and retest
Commento:
double bottom over the support
Commento:
after a retracement to the upside the price can provide a lower low
