SPX500USD dropping to a new recent low ðĶ
āļāļĩāđāļāļąāļāđāļāļ:
SPX500USD on the 4h chart is trading above a support area .
The price after a recent test of the 0.5 Fibonacci area seems to have the strength to close the trading week below the 4100 area and look for the 4000 zone.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case, i will search for a nice short order according to Plancton's strategy rules.
Careful traders, being Friday might be tricky to enter in a trade in the late session.
ââââ
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.
The price after a recent test of the 0.5 Fibonacci area seems to have the strength to close the trading week below the 4100 area and look for the 4000 zone.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case, i will search for a nice short order according to Plancton's strategy rules.
Careful traders, being Friday might be tricky to enter in a trade in the late session.
ââââ
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.
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