Hellena | SPX500 (4H): Long to 100% Fibo lvl 5209.

Colleagues, in the coming trading week I expect the uptrend to continue after the formation of corrective wave “2”, which I expect in the area of 50% Fibonacci level 5025.
After that I expect the beginning of the formation of wave “3”, with the aim to reach 100% of the Fibonacci extension level 5209.

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

Comment:

The price is at the same level, as if accumulating, and it means that the price exit from this range is possible soon.

Comment:

The price is testing the area of 50% Fibonacci level. Perhaps testing of this area will take place again, but all my thoughts are only about long positions.

Comment:

Colleagues, the price has updated the local high of 5125 and now I assume that in the coming week the price will continue the upward movement after a small correction!
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Comment:

Colleagues, the price has almost reached the target. I assume that a small correction is possible, but I expect the scenario to be completed.

Trade closed: target reached:

Well done!