SP500 a short term uptrend 🦐
Updated
SP500 on the 4h chart after the test of the weekly support at the 3840 structure started a series of higher highs higher lows move.
The price that already tested a few times the 4000 level has retraced over a previous support area exactly at the 50% retracement and is now looking for a potential break .
How can i approach this scenario?
I will wait for the EU market session and monitor the price action for a possible break that will possibly happen in the US session and i will look for a nice long order according to the Plancton's strategy rules.
The price that already tested a few times the 4000 level has retraced over a previous support area exactly at the 50% retracement and is now looking for a potential break .
How can i approach this scenario?
I will wait for the EU market session and monitor the price action for a possible break that will possibly happen in the US session and i will look for a nice long order according to the Plancton's strategy rules.
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