USOIL on the daily chart moves over a dynamic support.
The market after the test of the highs is retraced at the 0.5 Fibonacci level at a monthly resistance.
How can i approach this scenario?
I will look for the potential break of the support area and in that case i will move on the 4h chart to set a nice short order according to the Plancton's strategy rules.
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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 market after the test of the highs is retraced at the 0.5 Fibonacci level at a monthly resistance.
How can i approach this scenario?
I will look for the potential break of the support area and in that case i will move on the 4h chart to set a nice short order according to the Plancton's strategy rules.
-––
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.
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and is back to 99 as expected
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trading around the 100 level
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a spike tested the support
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0.618 test
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as epxcted
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here you go
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11% profit here
