The price is creating a falling wedge and the price is testing the dynamic resistance after the first rejection on 0.382 Fibonacci level.
After the Breakout from the descending channel the price created a double bottom on 4h Timeframe.
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
After the Breakout from the descending channel the price created a double bottom on 4h Timeframe.
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Nota
Wait for the breakout and the confirmationNota
The price needs to create a clear breakout from itNota
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.