US100 on the 4h chart after my previous idea continue the bearish trend and reached the weekly support.
The price after a distribution phase took the SL liquidity with a false breakout of the 12200 level and moved lower with a clear break of the support and a series of lower high lower low to the 10700 zone.
The price creates a new redistribution phase and a new liquidity grab to the upside before a continuation to the lower side can be seen.
The double bottom over the support might show infact some bullish sign in the short term but also a new opportunity for the bears to move the market lower.
How can i approach this scenario?
I will wait for a possible break of the support and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
โโโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ 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.
The price after a distribution phase took the SL liquidity with a false breakout of the 12200 level and moved lower with a clear break of the support and a series of lower high lower low to the 10700 zone.
The price creates a new redistribution phase and a new liquidity grab to the upside before a continuation to the lower side can be seen.
The double bottom over the support might show infact some bullish sign in the short term but also a new opportunity for the bears to move the market lower.
How can i approach this scenario?
I will wait for a possible break of the support and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
โโโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ 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.