jangseohee

Two different scales, Two different stories

INDEX:IUX   Russell 2000 Index
40 0 2
As a amateur chart technician, i am having a dilemma on the current situation of Russell 2000 index             .

From a weekly chart of Logarithmic scale, the long term trend line extended from 2009 has been cleanly broken which signals the end of the uptrend, the price might do one of the three things, up, down or sideway.

However, from a weekly chart of Arithmetic scale, the price of Russell 2000 index             is fully compliance with the long term uptrend channel (shown in lower chart with green channel), and the 1000 will be the major psychological & technical support in time to come.

Hence, fellow PRO technician.. which reflects better reality, the log or the arith scale...
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out