The price is creating a falling wedge and the price is testing the dynamic resistance after the first rejection on 0.382 Fibonacci level.
After the Breakout from the descending channel the price created a double bottom on 4h Timeframe.
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, 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 🦐
After the Breakout from the descending channel the price created a double bottom on 4h Timeframe.
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Note
Wait for the breakout and the confirmationNote
The price needs to create a clear breakout from itNote
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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.