SPX500 — 4H | Bullish — Wave 4 Complete, Wave 5 Continuation TarUS 500CAPITALCOM:SPX500thefxmbrandBias: LONG The index has completed a clean 5-wave impulse structure off the April low, currently correcting through wave (4) into the 7,565 .7–7,600 .0 demand zone — right at confluence with the long-term ascending trendline that's held structure since April. This is the classic wave 4 "alternation" pullback before the final wave 5 push. Narrative: Waves (1) through (3) completed the initial impulse into the 7,750 .0–7,800 .0 resistance zone Wave (4) correction is now tagging trendline + demand confluence — a high-probability reaction zone Expecting wave (5) to extend price back toward the 7,750 .0–7,825 .0 supply zone, mirroring wave 3's structure Trendline break with a confirmed 4H close below it would invalidate the wave count and suggest a deeper corrective structure instead Trade Setup: Entry Zone: 7,565 .7 – 7,624 .9 (current pullback zone / trendline confluence) Stop Loss: Below 7,550 .0 (beneath wave 4 low / trendline invalidation) Take Profit: 7,750 .0 – 7,825 .0 (wave 5 target / prior wave 3 highs) R:R: ~2.3 : 1 ⚠️ Not financial advice — manage risk per your own plan.