SLPUSDT - update
The structure is complex, and on the one hand - looks corrective within the bearish trend.
On the other hand, this structure is already a massive one if we zoom out and look at it on the daily chart. There is high probability of the accumulation within the structure as shown on this chart, being a flat pattern with a complex wave A.
Invalidation is the start of the first wave, and we need to get a break of the impulse at the very start of the structure. Given its size, the move up should be very strong and impulsive.
Good luck and trade safe!
On the other hand, this structure is already a massive one if we zoom out and look at it on the daily chart. There is high probability of the accumulation within the structure as shown on this chart, being a flat pattern with a complex wave A.
Invalidation is the start of the first wave, and we need to get a break of the impulse at the very start of the structure. Given its size, the move up should be very strong and impulsive.
Good luck and trade safe!
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