oe123

Two Broadening Wedges Descending Do We Continue With The Bulls

CME_MINI:RTY1!   E-Mini Russell 2000 Index Futures
We have two Broadening Wedges Descending back to back and that makes for a mighty interesting price development. The price target for each is different. So which one do we follow. I'll take the larger dominant pattern and take the second one for confirmation. Do we get lift off? I say we do. The Russell is lagging a bit behind the other major indices so it'll be a bit of catch up and some time.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.