We have bounced off the 200 EMA on the daily chart . We are at support of the 34 ema on the weekly chart. We have had a long period of consolidation now. Corrections can happen with time or price. This has been a correction of time. The candle lows have been making higher lows and have been forming hammers on the daily chart . The higher lows on the daily chart...
When you look at the D1, you realize that the market was in a trending bullish market however it broke the trendline around the "2195" price area however it never broke the previous low, which formed a strong support which repeatedly pushes price to the resistance on the upside where it gets rejected repeatedly creating a parallel channel. However the market has...
A simple risk-reward setup. The first target, a Head test of the Head and Shoulders pattern.
With ETh at all-time highs now small caps breaking resistance from long-term support
risk on is back in vogue. At least for now.
After a huge move up on very little earnings, Small caps (Risk On) have now formed a
Head and Shoulders Pattern. Coupled with a number of other indexes that have hit
resistance and the fact VALUE has been in vogue of late. The danger light is flashing.
Head and Shoulders are continuation patterns in an uptrend and topping at all-time highs.
Clearly, the H&S here...
RUT DAILY STIMULUS BREAKOUT = 2500 (2475TP)
THE LAST TIME WE HAD STIMULUS RUT BOOOMED (JAN 4TH).
WE ARE GETTING STIM CHEQUES AGAIN = SIMILAR MOVE.
THIS BULL RUN COMES AFTER A -10% CORRECTION HENCE THERES PLENTY OF RE-COMMITTING BULLS (WE'RE NOT EXHAUSTED HAVING JUST HAD A CORRECTION).
THIS IS 8X PROFIT FACTOR - SHOULD...
#RUT continues to be strongest of the 3 US indices, but Friday was disappointing.
3 possible scenarios:
1) Break of 2163, target 2097 and further 2044
2) As long as 2163 holds, look for longs, targeting 2289, which is a strong R. If we break this R, look for ATH at 2375.
3) 2163 holds and we target 2289. Rejection...
Russel small cap 2000 moving upside in a paralell channel and now the price arrived to the Channel upper line at 2300 usd. I think it will go down to previously support/resistance at ~2200.
Trade at your own risk.
If you like my idea, dont forget to leave a comment, follow, and like.