Long
SLP/USD Bullish price action?
In daily time frame we have a bullish price action.
The price broke above previous high and it is currently making a correction. If we take the Fibonacci from low to high we can see that the price is currently respecting the .618 fibonacci level. The .786 fibonacci level is in confluence with structure. We can expect a correction to the .786 before the continuation to the upside.
Thank you for the support.
The price broke above previous high and it is currently making a correction. If we take the Fibonacci from low to high we can see that the price is currently respecting the .618 fibonacci level. The .786 fibonacci level is in confluence with structure. We can expect a correction to the .786 before the continuation to the upside.
Thank you for the support.
Trade closed: target reached
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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.