NicoBeau_Capital

US 2000: A Great Buy Opportunity Is Coming Soon

Long
GLOBALPRIME:US2000   Russel 2000 Cash CFD
US2000 is currently moving in a clear ascending channel , accommodated by its recent higher high and higher lows. In the 4-hour chart, we can see that a double bottom has formed at the bottom of the ascending channel and price has recently broken its neckline. This further confirms the bullish momentum. Now, our task is to buy the pullback.

The potential buy entry zone is the 1980 ~ 1990 area. First and second targets are the 2070 and 2110 levels, respectively.

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