Short

Hellena | SPX500 (4H): SHORT to support area of 6550.

Colleagues, I am not much of a correction trader, but I have to share my opinion that the upward impulse has almost formed wave “5” and now it would still be logical to expect a correction.
I believe that first the price will update the local maximum in the resistance area of 6759, then we will see a correction in wave “4”, which I expect to see at least in the support area of 6550.

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

Uwaga

Last week the price almost reached the profit level, but there was a reversal and now I think that the resistance area of 6758 will still be reached.
In any case, the movement at the beginning of this week will show the priority.

Uwaga

I think wave “3” will complete its development this week. The maximum level I see is 6800, a pretty strong psychological level.
In any case, I would advise to look out for short positions.

Hellena_Trade

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Hellena_Trade

✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader
🟢 Contact: t.me/Hellena_FX