Hellena | SPX500 (4H): Long to area 5791 (Wave 3).
Updated
Dear colleagues, it seems that the price continues the upward movement in the wave “3” of the higher and lower order. This means that two scenarios are possible:
1) I expect a small correction to the area of 50% Fibonacci level 5550, then continuation of the upward movement.
2) Price will continue the upward movement in wave “1”, possibly immediately to the area of 5791.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
1) I expect a small correction to the area of 50% Fibonacci level 5550, then continuation of the upward movement.
2) Price will continue the upward movement in wave “1”, possibly immediately to the area of 5791.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
Colleagues, I expect the continuation of movement in correction at least to the area of 5560. Now the price is flat, but I am sure it will not last long.Trade active
Colleagues, I read that price will reach the target area of 5791.5 this week. Looks like wave 1 is longer than I thought. That's why there wasn't a strong correction.
⚡️I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Trade active
The price is in a slight flat, which could mean that the price will soon start a strong movement. I expect this movement to be upward, but a correction is also possible. Trade closed: target reached
Well done!
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