SILVER can bounce over the 0.618? 🦐

XAGUSD on the 4h chart reached the weekly resistance at the 22.300 level.
The price is now moving between the upper structure and a support area and some deeper retracement can be seen.

How can i approach this scenario?

I will wait for the EU market open and look for a possible break of the support area.
In that case, i will wait for the test of the 0.618 and check for a possible inversion to set a nice long order according to the Plancton's stragey 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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger

הערה:

moving according to our analysis

הערה:

the market turned at the 0.382 and looking now for a break of the resistance