SP500 a downtrend doubletop 🦐

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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.

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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.
Nota
syot kilat possible bear flag
sp500indexTrend Analysis

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