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Gelium

Russell: Consolidation.

Long
E-Mini Russell 2000 Index Futures (CME_MINI:RTY1!)  
Gelium Updated   
CME_MINI:RTY1!   E-Mini Russell 2000 Index Futures
Chart Patterns RUSSELL 2000 rutlong russell2000 russell
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chartpattern rut rutlong russell2000 russell
Consolidation is broken upwards with the minimum target level around 2650.
Trade active:
As variant:

Long Call: Buy 1x 17th Sep $248,00 Call @ $2,72
Entry cost: $272,00 (debit)
Maximum risk1: $272,00
Est. return1 at target price: $928,00 (341.2%)
Comment:
snapshot

After breaking up the descending consolidation resistance level, the price rose three times to the resistance level of 2369. Three attempts to break upwards were stopped by selling. Perhaps even now the price will decline to the center of consolidation. If the price stabilizes within the range, you will have to wait for the upward breakout of the levels of 2350 and 2369. If a correction begins on the rest of the stock indices, buying Russell 2000 will not be a good trading decision. While waiting for the development of events.
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