IWN on the reliable daily chart has been trending down for two in a descending channel as shown on the chart with upper and lower trendlines drawn with the tool. The Stochastic RSI oscillates in the interval between oversold and over bought and presently is well overbought at nearly 100. While the RSI may double top like it did in July, it is at least...
Context: Weekly - uptrend (UT) Daily - downtrend (DT) Last day: Value moved down but left very poor and weak high Special notes: Daily RSI is in oversold. Price at DMA200 support Conclusion: A lot of selling in the last 10 days. Market is getting too short and needs to cover those shorts before moving further down. Last day indicates lack of strong...
Consumers Expect Further Declines In Inflation Finally! Russel is the dirigent in an Stock rally or Crash Orchestra, as it moves faster and is sensitive. Not this time. Whil S+P500,Nasdaq100 and Dow choosed the bullish trend, for longer time than expected,now Russel starts to ralley. Technically has Russel found a triple strong bullish support, and RSI trend...
Peace be upon you, merchants. An opportunity to buy. With a breach of support in 1915. As well as penetrating the descending channel. Which humiliates the power of buyers in the market. The price is moving up. In the coming days we can see. Price 2120. And the price of 2200
After another head and shoulder that broke to the downside, we find a similar pattern playing out. As the RSI is pointing down whilst there is a downtrend in play, we are looking for the head and shoulders to be completed and break down. The next target corresponds with the previous supports of dec. 2018 and aug. 2017.
- RUSSEL back to 2000 - Seasonally Russel is strong in DEC - Seasonally Dollar is weak in DEC - W-pattern + 1st Push unfolded - Looking for stophunt high and low, then 2nd Push - 2nd Push is run from 1850 to 2000 = MPP to MR2 - Also Demand-zone and 2 Deviation of Channel - COT supportive of move higher, Dealers more short and less long
Elliot waves counted on Russel 3000. Waves 3 and retracements of waves 2 suggest the counting should be shifted by 1 - and a possible breakout could happen - allowing the price to move towards the ATH - if that happens you know what to do - but due to fundamentals - I'm more keen to think this is properly counted and we are headed toward that tick curve at the...
A double bottom is a reversal chart pattern in technical analysis that describes a change in trend. RUT Russell 2000 is oversold at the pre-covid level right now on a double bottom chart pattern. My price target is $1805. Looking forward to read your opinion about it.
Given the nice turn at the Center Line, we have a new target for the IWM: L-MLH...at least IMO. The yellow pitchfork is here to see, if the ongoing flow, the direction will change, and if the momentum is increasing or not. If not, price will trade outside the U-MLH. Otherwise we will see a fast and hard drop.
The 0 - 5 count could be over in a couple days. When price reaches the L-MLH, then we know that it's stretched extremely. As a Pitchforker you know that these are the greatest opportunities to trade. So let's observe it and maybe we find a good Risk-Reward entry.
RUT Russell 2000 bounced from the strong support of $1940 and is heading to the $2180 resistance. I also think we might see the end of the war soon. Russia says the first phase of its “military operation” in Ukraine is mostly complete. Looking forward to read your opinion about it.
I noticed that the Russel seems to call tops and bottoms of Bitcoin You can see in the chart notes, the Russel: -coming up thru the midline marks a parabolic BTC move -coming down thru the midline marks a BTC bottom When we hold the midline as support, it denotes the BTC move is not over yet
Updated Risk Model for the US stock market. General market conditions (SP500, NASDAQ, RUSSEL) are analyzed. While the general market is still in a stable uptrend, caution is advised. Reasons are discussed in the video.
Made this keycode for Russell Last night and it just hit the bottom of my Trend line looks like a nice spot to get in. by iCantw84it 07.23.2021
SHORT! ENTRY: 2285 TARGET: 2211 (3% profit) STOP: 2315
Video up date on the major ETFS as all of them are pushed up against resistance.
Russell (RUT, IWM) index could be just finishing end of a HEAD of a major H&S pattern major trend should be turning DOWN from now - SHORTS from now for few next days but still keeping on high levels with many ZIG/ZAG patterns moving towards main low levels likely at around February 9th