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Hellena | SPX500 (4H): SHORT to 38.2% - 50% Fibo lvl 5489.

1 985
Colleagues, I have reviewed the waves a bit and I believe that when the strong psychological level of 6000 is reached, a reaction and correction in wave “2” is possible.
I propose to consider this movement as a strong five-wave movement. Wave “1” will be over soon.
I consider the 38.2% - 50% Fibonacci levels of 5489 to be the main target of the correction.

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Colleagues, Price has been fluctuating in the same range for quite a long time, which may indicate that the upward movement in wave “1” is not over yet. But we will know for sure later. Now when reaching the level of 5744.5 I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

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