GOLD on the daily chart got rejected by the confluence point at the daily resistance.
The price created a triple top on the 0.618 Fibonacci retracement level and now is moving to the support structure.
According to Plancton's strategy if the price will break below we will set a nice short order following our Academy 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 created a triple top on the 0.618 Fibonacci retracement level and now is moving to the support structure.
According to Plancton's strategy if the price will break below we will set a nice short order following our Academy 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
Comment:
market is looking for confirmation
Comment:
no break yet
Comment:
consolidation over the support