Hellena | SPX500 (4H): SHORT to the area of 50% Fibo lvl (5972).
1938
Colleagues, I believe that price is completing wave “1” and I believe that a correction in wave “2” is inevitable. I expect the price to reach the area of 38.2% - 50% Fibonacci levels (5972.9). I believe that a small update of the maximum of wave “1” is possible.
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colleagues, the price almost reached the target, but a gap was formed in the area of 6080, which means that the price will try to return to it. Therefore, we should set trades to breakeven and hope to reach the target soon.
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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.