GOLD on a test of the weekly resistance 🦐
GOLD on the 4h chart bounces over the daily support and broke the perfect descending channel .
The price is currently testing the weekly resistance at the 0.382 Fibonacci level.
According to Plancton's strategy IF the price will provide us a sign of inversion and break below we will look for a nice short position.
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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
The price is currently testing the weekly resistance at the 0.382 Fibonacci level.
According to Plancton's strategy IF the price will provide us a sign of inversion and break below we will look for a nice short position.
--––
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
Komen:
still in a range
Komen:
range
Komen:
still trading within the range
Komen:
range