The price is creating a falling wedge and the price is testing the dynamic resistance after the first rejection on 0.382 Fibonacci level.
After the Breakout from the descending channel the price created a double bottom on 4h Timeframe.
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
After the Breakout from the descending channel the price created a double bottom on 4h Timeframe.
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, 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 🦐
Comment:
Wait for the breakout and the confirmation
Comment:
The price needs to create a clear breakout from it
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