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Wavez

S&P 500 Wave Analysis. As for wave deep analysis for FX:SPX500 we have the following: Monthly wave: s3.tradingview.com We are currently at exact middle of the wave and bounced pretty hard from it. Also this is our first monthly pullback to the wave since 2020. Watch for lower timeframes before entering trades. Our monthly targets for long would be 5450 if we continue growing to the upside. Weekly wave: s3.tradingview.com We switched trend to downside, after pullback we did reached our targets and currently in their zone, that means upcoming week we can get a movement back to the wave, before continue movement downwards. Daily wave: s3.tradingview.com We did hit support level at 3893 area, being our targets also on weekly timeframe, it played cool as a support showing us possible pullback to the wave as well. 4hr wave: s3.tradingview.com Despite being at targets at higher timeframes, we still have space to go lower for targets at 4hr timeframe. Having interesting two last days of the last week tells us about more action coming this week, as we ended bringing price right back up to the 4hr wave, with nice pullback after being over extended at 30min and extended at 4hr. 30m wave: s3.tradingview.com As for 30 min, we have a support area being broken and becoming a resistance. Trend downside, then it got a retest few times Now we have to wait for signals and confirmation from VSA as well as from Wavez and we are ready to trade it. Conclusion We have a strong support a monthly trend wave, but as we havent touched it since 2020 it should be broken. From weekly to 4hr we have downside trend reaching targets, whose, probable will continue being reached. Possible market movement this week: Short. PM me for more deep analysis, help with trade and more ideas.
FX:SPX500Short
by SergienkoDaniel