S&P 500 IndexShort
Hellena | SPX500 (4H): Short to support area 5846.5.
Updated
Colleagues, I assume that price is completing a five-wave upward movement. I believe that the price may reach the resistance area of 6181.6 then I will consider only downward movement in correction to the area of 5846.5.
It is possible that the price will immediately start moving towards this area, but this is a more risky plan.
Still, I would like to see the completion of all waves “5” in one place!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
It is possible that the price will immediately start moving towards this area, but this is a more risky plan.
Still, I would like to see the completion of all waves “5” in one place!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
The price continues its upward movement, which suggests that wave 5 will still take place. We are waiting for the scenario to develop. Note
In the coming week, I still expect an update of the maximum of 6103 level and the completion of wave “5”. But the priority direction is the downward movement.
I expect a more intense movement than at the end of last week.
Note
The price has entered a small flat and now I expect a move out of it, either beyond the 6.35 level or the 6099 level. Of course, for me it is more preferable if the price has completed the upward movement.Trade closed: target reached
The market has its own rules, especially if news comes out that greatly affects the price. Anyway, the goal was achieved)
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