After an amazing bull run, the price starts the correction, and now it tests the 0.618 Fibonacci level. We can see even a deeper correction until the previous resistance. The main trend remains bullish. ––––– 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
We want to see a close above that structure
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The price is testing 0.5 Fibonacci level and it creates a double bottom. We are waiting for the breakout
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Breakout from descending channel and now the price is testing 0.618 Fibonacci level Waiting for the next bullish impulse
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The price is creating a triangle. Waiting for the breakout
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