On 25th Sept, the sell-off in Russell 2000 started which is translated into a breakout of resistance line for this short ETF.
Price is going to re-test this resistance turned support line next week. The ability to hold and strong support could mean accelerated channel for the price.
else, if this is a false breakout, price would see its way to "Boring" Channel bottom or even back to the triangle bottom.
Additional evidence for bullishness if RSI & MACD uptrend line have strong support.
Price is going to re-test this resistance turned support line next week. The ability to hold and strong support could mean accelerated channel for the price.
else, if this is a false breakout, price would see its way to "Boring" Channel bottom or even back to the triangle bottom.
Additional evidence for bullishness if RSI & MACD uptrend line have strong support.