NASDAQ on the 4h chart after the recent bullish impulse create a double top below a daily resistance.
The price at this stage couldn't break above and after the double test of the structure is moving for a 2nd test of the support area.
How can we approach this scenario?
We will wait for a break of the support and if that will happen i will search for the Plancton academy rules to set a nice 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 at this stage couldn't break above and after the double test of the structure is moving for a 2nd test of the support area.
How can we approach this scenario?
We will wait for a break of the support and if that will happen i will search for the Plancton academy rules to set a nice 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.
Comentário:
Price has broken the support area as expected
Comentário:
www.tradingview.com/x/i2d5cwLf/break and retest a classic evergreen
Comentário:
a perfect analysis
Comentário:
a perfect touchdown over the support for almost a 5% profit
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test of the support area
Comentário:
bear flag formation
Comentário:
testing the support, waiting for a clear break
