SP500 on a retracement move? 🦐

SP500 on the 4h chart after the recent low is moving in a range between 2 structures.
The price is now approaching the upper one and we can expect some further retracement to the upside during this week.

How can i approach this scenario?

I will wait for the US market open and in the case that the market will break above i ll be looking for 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.

評論:

testing the resistance, a clear break above will be important

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still looking for a possible break above

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waiting for the US market open

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bullish continuation

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a perfect bounce over the support

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a bull flag break can confirm the uptrend

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break of the flag for a 3% gain since our idea

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5% profit

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6% profit

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testing the resistance area, a break above will be a bullish sign

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a strong resistance is holding the uptrend

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still testing the resistance area

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pushing for a break