We spotted potential falling wedge formation on SLP and price just tested out the upper trendline and got rejected.
Our focus is on 38.2% fib ret level from the previous ATH to the current ATL.
If price manage to surpass this level then our target is 61.8% level which is tagged as CRUCIAL resistance zone.
But if price give more buyer opportunity, then we can have a sharp decline from 38.2% level to where we have AOI level for re-loading of Longs positions.
Our focus is on 38.2% fib ret level from the previous ATH to the current ATL.
If price manage to surpass this level then our target is 61.8% level which is tagged as CRUCIAL resistance zone.
But if price give more buyer opportunity, then we can have a sharp decline from 38.2% level to where we have AOI level for re-loading of Longs positions.
Trade active
Note
Price is finally at the expected area of interest zone. Serious accumulations is going on here. Do make sure to pick and load your bags here.Trade active
Our bags are fully and heavily loaded.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.