ืืื S&P 500ืฉืืจื
SP500 a downtrend doubletop ๐ฆ
ืืขืืืื
SP500 after our previous analysis is trading above a support area.
The price created a downtrend double top which is a bearish sign and tested the 0.618 and the 0.5 Fibonacci levels.
How can i approach this scenario?
If the price during the daily session will break below the support area we will consider a nice short position according to the Plancton's strategy rules.
โโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
โข ๐ฃ Purple structure -> Monthly structure.
โข ๐ด Red structure -> Weekly structure.
โข ๐ต Blue structure -> Daily structure.
โข ๐ก Yellow structure -> 4h structure.
โข โซ๏ธ 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 created a downtrend double top which is a bearish sign and tested the 0.618 and the 0.5 Fibonacci levels.
How can i approach this scenario?
If the price during the daily session will break below the support area we will consider a nice short position according to the Plancton's strategy rules.
โโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
โข ๐ฃ Purple structure -> Monthly structure.
โข ๐ด Red structure -> Weekly structure.
โข ๐ต Blue structure -> Daily structure.
โข ๐ก Yellow structure -> 4h structure.
โข โซ๏ธ 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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