Hellena | SPX500 (4H): Short to support area 5165.

Jun 4, 2024

Dear colleagues, I am considering the possibility that wave “2” is not yet completed, because wave “a” looks more like a part of a correction than a full-fledged correction.
Therefore, I count on the update of the high of 5300, and then a downward movement to complete wave “2” to the support area of 5165.

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

Jun 5, 2024

Note

Colleagues, the price continued the upward movement to complete the wave “b”. At this point, I start to consider only short positions, even if the price reaches the resistance area.