RTX1! trade ideas
It's been a good runBut the bearish bird is hinting towards a breakdown.
bearish divergence in MACD
Waiting for a sell signal of breakdown and back test
RUSSEL 2000 Market Breakdown Analysis!!Hi ,
Indexes are clearly bullish . Untill market shows the opposite reaction we should take consider the current momentum.
Now, we have to find a proper palce to get in the trend. If price tousch the key levels which referred in the charts, hopefully it will be great opportunity to take consider!!
In case of, H&S neckline will be broken, deeper correction can be considered!!
Note: the posts are not investment idea
Bearish flow and patterns negated... Ready for new highsWe have broken out of the bearish trend and found real strength this week.
RTY Update from previous post Cypher Pattern Posted real time here on trading-view (search my plays) way b4 entry in pre market, traded live in private
RTY2021. Diving into Russel. Haven't really looked at RTY under the microscope in a while.
It's not a very tradeable market for me. I like to see really obvious and simple price action where both sides have an understanding of when the other side is going to take the lead.
In the RTY I see a lot of range bound activity. Every buy sign I see is met by a sell sign, and even though I do think the trajectory is up, the rising wedge structure that has recently formed makes me think a selloff could be in the cards.
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Again this is my first look at Russel in a while, a market I don't typically follow closely, so I am not as confident trading what I see. But you do have to start somewhere.
Trade what you see, not what you think..A rare triangle pattern.. Leaning to a bullish approach if we could reclaim 2265 area.. Bearish if it breaks below 2210 area.. All in between = noise..
$RTY Cypher Pls see chart for detailed, set up, all tp's (green tabs) labeled & stop (red line & tab) Cheers guys, wish everyone great success today!
Breakout out this consolidation wedgeAfter a few months massive market moment the russell 2000 hit a wall and went into consolidation.
I think its setting up for a break out any time these next 2 weeks, which should push up towards all time highs.
From the technical perspective it seem volume is trending down, which is bullish if the market is consolidating.
Once we see it push out of this wedge we should see it push ATH.
I recommend only buying once it breaks out, and if there is plenty of volume relative to historical averages.
As predicted M2KM21 downAs it was earlier predicted to downward side on M2KM21 chart, it is almost completed. Now the next movement depends on whether daily chart H&S formation will work or not. If daily chart H&S works then price will be pulled down to level below 2000 if not 2100-2150 range is a good buying opportunity imo.
Evidence Base Tradingon April 15, I did a thorough analysis of the market for my private subscribers, asked them to close all their positions, and predicted the market will be challenged in the next week and small-caps in particular. I offered them to buy inverse ETFs to benefitted from the negative market ahead.
Today, I asked them to buy TWM..! so far +5.4% gain in a single day..!
for evidence, check the related link below..!
Nice setupCan go either way from here. No preference on which way, either market will rotate back into IWM and push higher or IWM will cool off with market. Either way there is a trade, just follow it.
NQ TargetNAZ, DJIA and SP500 are at all time highs, may need to test lower levels in order to go higher. Russell may be the key, needs to get going. NQ may retest 13550. Russell appears to be targeting 2180. Again with NAZ, much action in overnight and not much follow through in Open, only in final 30 minutes of past 4 days. Watch for weak close and expected negative follow through in overnight. For now the direction is UP.
M2K SHORT ON NEXT WEEK
Update: reverse c&h formation spotted and/or h&s formation to be completed soon. SELL 2239-2245 SHORT TP1:2224 TP2:2210: TP3:2192 TP4: 2180.
Russell 2000 M2K Futures June 21 ContractForeseen dip is around 2221s imo. Midrange is at 2230s. If we reclaim above 2230s it will go test upper range at 2250s
RTy Tight stop long off 2222 (lightning pattern/ABCD)See chart for lightning pattern long off 2222, june RTY
ABC corrective wave in russel 2000Due to the detection of 5 waves in wave A, the formation of a zigzag correction pattern is more probable. In that case, if the downward trend continues from the Fibonacci 62% point and breaks the Perm pattern, we will expect a fall by around 2050. And of course other scenarios will be possible
Russel Mark-up.I think it is short in the near future, but long overall. I saw a similar thing happen last week Sunday. Rally hard to close week, big selloff to start new week, then a full week of rallying. I don't see anything that's changed.
Long term I think Russel is looking bullish. I feel like it's a little extended at the moment, so I think we should expect some correction. Retail traders, I don't know where you could possibly get in as a buy unless price goes way down from current locality. .382 saw a lot of activity. Maybe price will revisit, but bullishness is the attitude currently. Short sellers, I see some big juicy demand zones, but understand you are selling against the dominant momentum.
If we want to play the return to the closer trendline it's almost a 30 point drop down. Also, Russel is currently resting in a divergent/oversold state. Very tempting.
My risk manager is keeping me out of placing any orders, but I am trying to get in the habit of marking up charts over the weekend and seeing how the prophecies unfold.
If I were persuaded to go short I'd put my stop above the high wick. Realistically, I would have to see how the markets open and then play it from there.
I hate to miss out on a market opening rally. That is my biggest source of FOMO.
I did not like making this.
RTY MFI OverboughtCrazy that the market is rallying when Biden wants to increase corporate taxes, really doesn;t make sense so staying out.
MFI overbought
RTY MFI oversoldMFI is oversold but it can stay that way for a day or two like last time. RSI is not there yet.
I would find something else to short though
