Hellena | SPX500 (4H): LONG to max of wave "3" area of 6929.4.

Nov 10

Good afternoon colleagues, it looks like the correction is ending and soon I expect wave “5” in the upward movement. Perhaps wave “4” will update the low of 6637.8 before the upward movement.
I expect to reach the maximum of wave “3” at 6929.4. Further we will observe the price behavior in this area.

Fundamental Background
The US stock market remains positive: business activity data showed a steady expansion, which strengthens confidence in corporate earnings.

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

Nov 11

Trade active

Price is moving towards the target area, but I would still like to see the gap overlap in the 6750 area and then a continuation of the move.
If you entered a position in the market, there is no point in canceling the trade, but it makes sense to set it to breakeven.
If you were expecting a correction, then I recommend looking at the 6741 area.