Hellena | SPX500 (4H): LONG to 100% Fibo lvl 6214.4.

17 feb

Colleagues, I believe that the upward movement is not over yet and the lower and middle order wave “3” is not yet complete. This is a good chance to go long, but it should be remembered that even though a correction to the uptrend line is possible, I do not recommend selling.
The target area is the 6214.4 level area - this is slightly higher than the 100% Fibonacci extension level.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

19 feb

Nota

Price is showing bullish sentiment, but I still believe a correction will take place. Perhaps the correction will not reach the level of 6040, but up to 6085 wave is possible.
In general, I still consider long positions and limit pending orders.

7 giorni fa

Trade attivo

Colleagues, price has reached the 6045 support area quite sharply and I believe that this impulse may last a bit and we need to be careful.
The most important thing is not to allow the 6000 level to be updated, because it is the minimum of wave “2”. This will mean that the five-wave movement will change a bit.