Long

Hellena | SPX500 (4H): Long to resistance area 5407.

Aggiornato

Colleagues, the price has moved down a lot, but that means we have an opportunity to enter a long position more favorably. I still believe that price is still in an upward move of great impulse, and now there is a complex correction taking place.
I expect an uptrend to begin around the 5172 area.
The first expected target is in the 5407 area.

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

Nota

Colleagues, I believe that the low of 5096 is unlikely to be updated. At the moment the price is in a strong area and I consider only long positions.

Nota

On this instrument the situation and my opinion is similar to the DOW index. The price has not updated the minimum and I believe that the price is starting an upward movement in a five-wave structure. At the moment I expect a small wave "2" and then "3".

Nota

Colleagues, the price made a local high at 5335.
I assume that further upward movement will continue, but I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Trade attivo

Colleagues, the price has almost reached the target, so I strongly recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

At the beginning of this week I would consider a small correction to the 5280 area, but I still consider an upward movement and reaching the 5407 target.

Trade chiuso: obiettivo raggiunto

Colleagues, the price has reached the target! Good job!

Hellena_Trade

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