Hellena | SPX500 (4H): LONG to resistance area of 5915.

10 Mar

Colleagues, I was waiting for the price to reach the support area of 5656, because the big corrective wave “IV” should end soon.
I am still looking for a long entry point. I expect that wave “IV” has either ended or will soon end its downward movement in the 5656 area and we will see the beginning of an upward wave.
I expect that the first target is the resistance area of 5915.

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

11 Mar

Not

Price is still continuing its downward movement and so far it is not disrupting our plan. Wave “C” continues, but it definitely has an end. I still expect an upward movement.

12 Mar

Not

for now, I suggest you just watch the price behavior. It is possible to update the lows.

13 Mar

İşlem aktif

Well, the price can still update the lows, but I think it is worth looking at long positions. Therefore, I would recommend working with pending limit orders.

17 Mar

Not

I still believe that the price will start an upward movement. Bears are losing strength and I think that wave “IV” is either formed or will finish forming soon.
Wave “3” was longer and therefore I think that wave “5” is finishing its formation.

21 Mar

Not

The price has overcome the 5656 area and is heading upwards. I believe that the formation of the wave “V” of the higher order has begun. I expect a small correction and continuation of the upward movement.