NASDAQ looking up 🦐

Jan 23, 2023

NAS100USD on the daily chart has created a triple bottom.
The market tested a few times the weekly support at the 10700 level and we notice how after the first 2 tests the market went up for a distribution phase.
It is interesting to see the liquidity grab before the next bearish leg to the support where, also thanks to the recent news we had a new inversion at the support level .

How can i approach this scenario?

IF the price will break above the resistance area we can set 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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.

Jan 23, 2023

Note

Break as expected

Jan 24, 2023

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looking for a test of the upper resistance

Jan 25, 2023

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test of the 0.382 fibonacci

Jan 26, 2023

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break retest and look for a recent high

Jan 27, 2023

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3.8% profit and test of the upper resistance

Jan 27, 2023

Note

5% call and new recent high

Feb 1, 2023

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5% profit and bullish continuation opportunity

Feb 1, 2023

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7% profit

Feb 2, 2023

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8% profit call

Feb 3, 2023

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10% profit

Feb 6, 2023

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perfect test of the resistance

Feb 8, 2023

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trading below the resistance level

Feb 9, 2023

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consolidation below the structure, the imminent news can push the price above it