WaveAnalysis

SPX500 Long Trade Setup

Long
FX:SPX500   S&P 500 Index
Hello Traders

If the previous structure was a complete running flat (green B), we should see more upside and a new high. That's why I'm looking for long trade setups. What is made over the green trendline can be a complete correction, and a reversal pattern can be in the making. Now, I'm waiting for a correction to place a pending order. I plan to hedge my trade after the new high.

Trade with care.
Bulent

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