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KlejdiCuni
Mar 14, 2024 9:08 PM

RTY - Russel 2000: Bearish Harmonic Pattern Short

US Russel 2000Capital.com

Description

RTY - Russel 2000: Bearish Harmonic Pattern

RTY index completed a bearish harmonic pattern.

The first price reaction was aggressive and good for this type of pattern.

We may see any correction again up to 2060 - 2070 before the price moves down further.

Next week, on Wednesday, March 20, the market will await the FOMC meeting and if they will make any change to the Monetary Policy statement related to a rate cut.

You may find more details in the chart!
Thank you and Good Luck!

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