NAS100USD on the daily chart has created a triple bottom.
The market tested a few times the weekly support at the 10700 level and we notice how after the first 2 tests the market went up for a distribution phase.
It is interesting to see the liquidity grab before the next bearish leg to the support where, also thanks to the recent news we had a new inversion at the support level .
How can i approach this scenario?
IF the price will break above the resistance area we can set a nice long 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 tested a few times the weekly support at the 10700 level and we notice how after the first 2 tests the market went up for a distribution phase.
It is interesting to see the liquidity grab before the next bearish leg to the support where, also thanks to the recent news we had a new inversion at the support level .
How can i approach this scenario?
IF the price will break above the resistance area we can set a nice long 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.
Komen:
Break as expected
Komen:
looking for a test of the upper resistance
Komen:
test of the 0.382 fibonacci
Komen:
break retest and look for a recent high
Komen:
3.8% profit and test of the upper resistance
Komen:
5% call and new recent high
Komen:
5% profit and bullish continuation opportunity
Komen:
7% profit
Komen:
8% profit call
Komen:
10% profit
Komen:
perfect test of the resistance
Komen:
trading below the resistance level
Komen:
consolidation below the structure, the imminent news can push the price above it