USOIL confirm the uptrend 🦐

2022년 3월 1일

USOIL on the 4h chart is in a strong bullish trend.
The price after the break above the daily resistance confirms the continuation, retests the structure, and now is testing a minor resistance.

How can we approach this scenario?

The current European-Russian situation put the energy markets under high pressure and increased volatility.
We will check if the price will break above the structure and in that case, we will set a nice long order according to 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.

2022년 3월 1일

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reached the 100 as expected

2022년 3월 2일

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new recent high as expected

2022년 3월 3일

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seems to be a classic 0.382 retest

2022년 3월 4일

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after the test of the 0.382 we can expect a new high

2022년 3월 7일

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30 % profit since the original idea

2022년 3월 8일

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Some break after the strong impulse, 30% profit..not so bad

2022년 3월 9일

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resistance rejection

2022년 3월 10일

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even in the high volatility OIL is still a technical market, the price in fact stop exactly at the 0.382 Fibonacci