SPX500USD on the 4h chart is trading above a daily support and from our previous call the price moved in our direction already for an 8%.
I reckon the bearish momentum of the market is not over yet and we can see some lower exchange in the near future.
How can i approach this scenario?
I will wait for a potential break of the support and when that will happen i will look for a nice short order according to the Planctonìs strategy rules.
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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.
I reckon the bearish momentum of the market is not over yet and we can see some lower exchange in the near future.
How can i approach this scenario?
I will wait for a potential break of the support and when that will happen i will look for a nice short order according to the Planctonìs 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.
Note
Note
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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.