S&P 500 IndexLong
Hellena | SPX500 (4H): Long to area 5915 (Wave 5).
Updated
Dear colleagues, I believe that the upward movement is not over yet and the end of the movement in wave “5” is ahead.
At the moment I see the support area of 5800, from which I assume that the price will reach the area of 5915.
Then we will look for a short trade entry, but for now all my thoughts are only on long positions.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
At the moment I see the support area of 5800, from which I assume that the price will reach the area of 5915.
Then we will look for a short trade entry, but for now all my thoughts are only on long positions.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
Colleagues, the price did not hesitate to immediately start an upward movement. In this regard, I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Trade active
Friends, I think that this week the price will reach the target of 5915, because the correction has already taken place and now the bulls have gained strength to complete the wave “5”.Trade active
Dear Colleagues, This week I expect to finalize the scenario. The price has almost reached the resistance area of 5915.
Do not forget that I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Trade active
Colleagues, the price has reached the 5783 support area again, which means that the market is giving us an opportunity to get into a profitable long position again.
At the end of this trading week, I expect the upward movement to continue.
Note
Friends, the price is in a sideways movement and I believe that another return to the support area is possible. But the forecast is still valid and the target is 5915.
This week I expect the scenario to be finalized.
Trade active
Dear Colleagues, it looks like Wave 4 is longer than I thought. This means that the support area has moved lower, but the targets remain the same - 5915.
Trade active
As I said, we had a chance to re-enter a long position with favorable conditions from the 5700 area.
Again I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Trade closed: target reached
Well done!
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