The price created a double top at 97$ on ATH, and after the rejection, the price is testing the 0.382 Fibonacci level.
On the 4h timeframe, the price had a breakout from the bullflag and now the market is going to test the 0.618 Fibonacci resistance
How to approach?
The price needs to create a new breakout with confirmations and a new Higher high.
In that case we could apply our rules for a new long position
–––––
Follow the Shrimp 🦐
Keep in mind.
On the 4h timeframe, the price had a breakout from the bullflag and now the market is going to test the 0.618 Fibonacci resistance
How to approach?
The price needs to create a new breakout with confirmations and a new Higher high.
In that case we could apply our rules for a new long position
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Note
Still wait for the breakoutNote
8% so far so good.Note
the price is following my arrow.MTB and CPS here, and 12% so far
congrats students!
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Related publications
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.