DOW on a potential H&S pattern 🦐

DJI on the 4h chart is trading near to a daily support.
The price after the recent top creates a right shoulder and is testing the neckline area with a possible bear flag formation.

How can i approach this scenario?

I will wait fro the EU market open and if the price will break below the support area i will check for a nice short 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.

Komentarz:

The price is still testing the support area, a break below the structure will be needed to consider a short