Hellena | SPX500 (4H): LONG to the area of 6136.8 (Wave 3).
Colleagues, I believe that wave “2” has completed its development and now I expect the upward movement to continue in wave ‘3’, which should break the maximum of wave “1”.
So far, I set the target as a minimum in the area of 6136.8.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
So far, I set the target as a minimum in the area of 6136.8.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
Today there are no special changes and I still expect the upward movement to continue.
The first thing to do is to renew the local maximum at 6044.
Trade active
The price actively continues the upward movement I expect a small correction and then, after updating the level of 6080 I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Note
The price has traveled quite a long distance.
I believe that the price will reach its target at the end of this week or the beginning of next week.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Note
The correction continued, but a small gap was formed, which has already closed.
This week I believe that the upward movement to the target will continue, so I do not advise short positions.
Note
Colleagues, it is likely that price will make a deeper correction to the uptrend line. At this point, as usual, I recommend that trades should be set trades to breakeven.
The upward movement is still a priority.
Trade closed: target reached
Well done!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader
🌅 INSTAGRAM: instagram.com/hellena_trader
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.