SILVER after the recent drop reached the weekly support over a previous resistance olevel.
The price couldn't break below and i can see a false break out where the bulls took the liquidity and hut the bears stops.
How can we approach this scenario?
On the weekly chart instead the price still seems to need more retracement but If the market will break the previous neckline of the h&s pattern I will consider 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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The price couldn't break below and i can see a false break out where the bulls took the liquidity and hut the bears stops.
How can we approach this scenario?
On the weekly chart instead the price still seems to need more retracement but If the market will break the previous neckline of the h&s pattern I will consider 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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Nota
The daily resistance is currently rejection the market uptrend, a break above will be a good confirmation of the bullish continuation
Nota
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.