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CryptoWaves
Dec 22, 2023 5:39 PM

Russel 2000 Rectangle Pattern Bullish Breakout Long

E-mini Russell 2000 Index FuturesCME

Description

The Russel 2000 has broken through a long standing Darvas Box resistance level (yellow horizontal line) on the Weekly chart.

This has formed a rectangle base in the Russel 2000 with a 23% gain price target, calculated with a 1 to 1 upward move from the top of the Darvas Box resistance level to new highs on the Russel 2000. This is not investment advice.
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