Hellena | SPX500 (4H): Long to resistance area 5282.3.

Dear colleagues, I assume that the upward movement in the senior wave “3” will continue, but after a small correction, presumably to the area of 50% Fibonacci level 5117.0 . Then I assume the continuation of the upward movement to the resistance area 5282.3.

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

Comment:

Colleagues, the price continued the upward movement and I assume that the correction will still take place, but a little later. At the moment I expect the completion of the lower wave “5”.

Comment:

Dear Colleagues, in the coming week I assume that the price will still make a correction to the support area of 5117.0.

Comment:

Colleagues, I still believe that price can make a good correction, but there is a possibility that price will be at the target sooner.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Comment:

The price has almost reached the target! I assume that the completion of the scenario will take place already this week.

Trade closed: target reached:

Well done!