As We said in the the price rejected from weekly resistance and the price broke the descending channel. On the weekly chart, the price in on 0.618 Fibonacci Level. We can expect a retracement to previous descending channel. IF the price will reject we can see a another bear impulse. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow 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 Plancton0618 strategy will trigger.
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The price is following my Drawing
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The price is following our draw
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Very important descending channel. The price is on Weekly structure.