DOW on the 4h chart reached the recent low over a weekly support.
The price is now turning for a retracement nd a test of the 0.5 Fibonacci level can be seen.
How can i approach this scenario?
The overall scenario remain bearish so i will wait for a test of the 0.5 or the 0.618 where i will wait a new possible sign of inversion for a 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 price is now turning for a retracement nd a test of the 0.5 Fibonacci level can be seen.
How can i approach this scenario?
The overall scenario remain bearish so i will wait for a test of the 0.5 or the 0.618 where i will wait a new possible sign of inversion for a 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.