the price retested a key monthly support after a clear bullrun.
Now the price is testing the daily resistance inside a rising wedge
How to approach it?
IF and only IF the price is going to have a clear breakout from the daily and rising wedge and retest the current resistance as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Nota
As I said during the video, the rising wedge is a reversal pattern, but if the price is going to have a breakout from the daily resistance and retest it as new support, we could have a bullish scenario!Nota
The price needs to push up from here!Nota
the price needs to invalidate the rising wedge for the bullish scenario!Nota
Only if the price is going to flip the 4h resistance 
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.