SILVER bounce on a monthly support 🦐

SILVER bounce on a monthly support and retests 0.5 Fibonacci Level.
The price is forming an ascending channel (bearish flag).
IF the price will break the 4 Hour support we can set a nice short according to Plancton's strategy.
IF the price will retest the previous descending channel we need confirmation to open a new short position According to Plancton's strategy, we can set a nice order

Weekly

Monthly

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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.

Yorum:

The price respected the channel

Yorum:

everything as expected