SP500 looks weak 🦐

15 сент. 2022 г.

SP500 on the 4h chart has retested perfectly the 0.618 fibonacci lelevl over a weekly resistance.
The price is now trading above a daily support and a break below will show further signs of weakness.

I will wait for a clear break on the 4h chart and if that will happen i will be looking for a nice short 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.

15 сент. 2022 г.

Заметка

a break will be needed first to consider a new position

16 сент. 2022 г.

Заметка

as expected

19 сент. 2022 г.

Заметка

a series of lower lows lower highs, the trend is your friend until you ll recognize a sign of reversal

20 сент. 2022 г.

Заметка

break and retest, waiting for the FED

22 сент. 2022 г.

Заметка

another 5% move in our favour

23 сент. 2022 г.

Заметка

moving lower as expcted

26 сент. 2022 г.

Заметка

new recent low for a 7% call

27 сент. 2022 г.

Заметка

short term retracement to the upside

28 сент. 2022 г.

Заметка

choppy lower low for a 8.47%

29 сент. 2022 г.

Заметка

retest of the resitance

30 сент. 2022 г.

Заметка

new recent low ahead

3 окт. 2022 г.

Заметка

typical beginning of the month move