SILVER after the recent top reached the daily support.
The price attempted to break below and i can see how the market perfectly moved above the descending trendline inside a retracement channel.
As in the previous analysis, I remain overall bullish on XAGUSD and a break above the higher trendline can be a further confirmation.
How can we approach this scenario?
I will wait for a break of the upper confluence and after that i will consider to set a nice long order of the Plancton's strategy rules will be satisfied.
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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 attempted to break below and i can see how the market perfectly moved above the descending trendline inside a retracement channel.
As in the previous analysis, I remain overall bullish on XAGUSD and a break above the higher trendline can be a further confirmation.
How can we approach this scenario?
I will wait for a break of the upper confluence and after that i will consider to set a nice long order of the Plancton's strategy rules will be satisfied.
-----
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
Comment:
another great call atm, the market reached the confluence zone
Comment:
Confluence rejection
