SPX500USD dropping to a new recent low 🦐

Diupdate
SPX500USD on the 4h chart is trading above a support area .
The price after a recent test of the 0.5 Fibonacci area seems to have the strength to close the trading week below the 4100 area and look for the 4000 zone.

How can i approach this scenario?

I will wait for a potential break of the structure and in that case, i will search for a nice short order according to Plancton's strategy rules.
Careful traders, being Friday might be tricky to enter in a trade in the late session.

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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.
Catatan
cuplikan new lower low
Catatan
cuplikan an almost 10% profit and perfect test of the descending trendline
Catatan
cuplikan lower low for a 11.5% profit
Catatan
cuplikan the price is back above the descending trendline for the weekly closure
Fibonacci Retracementsp500indexS&P 500 (SPX500)US SPX 500Trend Analysis

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