SP500 a short term outlook 🦐
Updated
SP500 on the 4h chart after the last bearish leg has tested the 0.5 Fibonacci level at the daily resistance.
The market is now trading over a support area at the 3800 zone.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case i will look for a nice short order according with the Plancton's 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.
The market is now trading over a support area at the 3800 zone.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case i will look for a nice short order according with the Plancton's 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
Note
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