SP500 on the 4h chart after the test of the weekly support at the 3840 structure started a series of higher highs higher lows move.
The price that already tested a few times the 4000 level has retraced over a previous support area exactly at the 50% retracement and is now looking for a potential break .

How can i approach this scenario?

I will wait for the EU market session and monitor the price action for a possible break that will possibly happen in the US session and i will look for a nice long order according to the Plancton's strategy rules.
ملاحظة
لقطة a move in our favor of 1.25%
ملاحظة
لقطة 2.8% on this call
ملاحظة
لقطة 3.3% delivered on this free idea
ملاحظة
لقطة Possible higher high
ملاحظة
لقطة a new test of the previous high
ملاحظة
لقطة possible test of the weekly resistance
ملاحظة
لقطة test of the resistance as expected
240minsp500indexS&P 500 (SPX500)Trend Analysisus500

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