USOIL on a double bottom 🦐

2022년 8월 3일

USOIL on the 4h chart bounced over a daily support.
The market after a false breakout retest the 0.886 Fibonacci level and created a double bottom over the support area.

How can i approach this scenario?

I will wait for the EU market open and if the market will break above i will set 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.