The price lost the ascending channel on the 4h timeframe, and after the breakout the price bounced until the 0.618 Fibonacci level where the market has a supply zone.
How to approach it?
IF the price is going to lose the current support, we could see a new bearish impulse, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
How to approach it?
IF the price is going to lose the current support, we could see a new bearish impulse, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Note
the price is testing the 4h support. Bear if the price is going to have a breakout from here
Note
The price is following my arrow, wait for the breakout and apply our RulesNote
The price is following my arrow, bearish if the price is going to confirm the breakoutNote
Waiting for the breakoutNote
The price created another rising wedge.Bear if the price is going to have a breakout
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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.