Technical analysis by coffeeground about Symbol SPX: Buy recommendation (6/14/2025)

I've identified a potential bullish Wolfe Wave pattern forming on the 4-hour chart of SPX6900/USDT. Wolfe Waves are 5-wave patterns that can signal potential reversals. This particular formation suggests a possible bullish reversal after a recent pullback. Wave Structure: Wave X-A: Initial impulsive move up. Wave A-B: Corrective move down (1.618 Fib extension of X-A). Wave B-C: Impulsive move up (0.618 Fib retracement of A-B). Wave C-D: Corrective move down (1.272 Fib extension of A-B). Wave D-E (Potential): Projected impulsive move up, completing the Wolfe Wave. Indicators Used: Wolfe Wave: Primary pattern identification. Fibonacci Extensions: Used to identify potential entry and target levels. SMA (120): Used to identify the overall trend. SAR (0.02, 0.2): Used to identify potential trend reversals. Disclaimer: This is not financial advice. This analysis is for educational purposes only. Trading involves risk, and you could lose money. Always do your own research and consult with a qualified financial advisor before making any trading decisions.