The price bounced exactly on our Daily support after Head and shoulders formation from my previous idea.
Now the price is testing the daily area around 103$ and the market is creating a rising wedge.
right now the price is trying to create a new higher high.
How to approach it?
IF the price is going to lose the dynamic and static support, and retest it as new resistance, 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 🦐
Now the price is testing the daily area around 103$ and the market is creating a rising wedge.
right now the price is trying to create a new higher high.
How to approach it?
IF the price is going to lose the dynamic and static support, and retest it as new resistance, 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 🦐
Note
The price needs to create a new Higher high to avoid the bearish local scenario.let's see
Note
If the price is going to lose support, we could see a bearish impulse according to Plancton's rulesNote
The price is creating a rising wedge.Let's see if the price is going to create a clear higher high!
Note
the price is testing the support, don't miss it!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.