NAS100USD on a retracement move 🦐
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NASDAQ on the 4h chart is trading below an important weekly resistance.
The market in this premarket session is moving to the upside in a retracement move.
Yet we expect after the latest news and the upcoming news a progression of the bearish pressure on this asset.
How can i approach this scenario?
I will wait for the test of the resistance area and IF the price will provide us a sign of inversion i will 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 in this premarket session is moving to the upside in a retracement move.
Yet we expect after the latest news and the upcoming news a progression of the bearish pressure on this asset.
How can i approach this scenario?
I will wait for the test of the resistance area and IF the price will provide us a sign of inversion i will 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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