Long SLP
SLP is showing a strong bullish divergence on the 4-hour chart, indicating a potential uptrend. The Money Flow Index is in the green zone, signifying positive buying pressure. Importantly, the price is sustaining above my EMA’s, which supports my sentiment. My TP is set at the 2.618 Fibonacci level.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.
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.