USOIL for a retest of the support 🦐
Updated
USOIL after our last week's amazing profit started a string retracement move.
The market tested the upper trendline of a descending channel exactly at the 0.618 Fibonacci level
According to Plancton's strategy, if the price will break below the support structure, we will set a nice short order.
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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 tested the upper trendline of a descending channel exactly at the 0.618 Fibonacci level
According to Plancton's strategy, if the price will break below the support structure, we will set a nice short order.
--––
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.
Comment
the market is bouncing over the support, if it will break above it will invalidate the ideaComment
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