Hellena | SPX500 (4H): Long to resistance area 5684.

22 de jul.

Dear Colleagues, I believe that the price will still continue its upward movement. I believe that we are witnessing the development of a five-wave impulse and very soon the price will start moving in wave “5”.
I expect that the price will either start its upward movement immediately or after a deeper correction to the area of 5477.
After that I expect to reach the resistance area of 5684.

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

23 de jul.

Nota

Colleagues, perhaps the level of 5503.9 was the end of wave “4”. Therefore, I believe that the price may not update the minimum. But in any case, I consider only long positions, even if the price does update the low.

29 de jul.

Nota

Dear Colleagues, despite the fact that the price went a little further than the resistance area, I believe that wave “4” is over and now I expect the resumption of the upward movement. In addition, we can observe a gap in the area of 5560.