SP500 on the 4h chart has retested perfectly the 0.618 fibonacci lelevl over a weekly resistance.
The price is now trading above a daily support and a break below will show further signs of weakness.
I will wait for a clear break on the 4h chart and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
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Follow the Shrimp ðĶ
Keep in mind.
âĒ ðĢ Purple structure -> Monthly structure.
âĒ ðī Red structure -> Weekly structure.
âĒ ðĩ Blue structure -> Daily structure.
âĒ ðĄ Yellow structure -> 4h structure.
âĒ âŦïļ 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.