With the $ES and $NQ rebounding off the 200-dma and at the 61.8% retracement level, the big question is this another BTFD moment or part of a bigger move down?
The $RTY might provide a clue here with a breakdown from a wedge and a retest of the wedge lower boundary which is also marked by a SSR resistance. Odds are for a CD leg down for the Russell 2K and...
Ranges, Descending Triangles, Triangles, & Ascending Triangle are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
Hello everyone, let's begin!
We are high up, and did broke the trend line, from 4 sep, 2018..
We now have the blue trading channel, and we did test that, 24,25,26 July.
If we broke that i will look for the next stage in the yellow channel, and go even higher...
We did test the yellow channel, 18-19 Juni, and broke it, 20 Juni, and 1 July, And that start from 3 Juni.
The E-Mini Russell 2000
One hour time frame has shifted from side ways
movement to a down channel. The market is at
the bottom of the channel and is showing signs
the market could push bullish towards price point
1566 about +158 Ticks away. Which is around
$790.00 of profit opportunity with one E-Mini
Contract. Stops can go below the bottom of the
channel.
The E-Mini Russell 2000 One hour time
frame is hitting an up trend line. If the
market bounces bullish the next future
high price should be 1579 about +150 ticks
away.
That is a reward of $750.00 trading one
E-Mini contract at $5.00 a tick.
The E-Mini Russell 2000 one hour time frame
is in sideways movement. The market is at
the bottom of support price point 1560 and
is showing signs of a potential up push.
A potential entry would be to wait for the
market to close above the counter trend line
bullish. The future resistance price point
1580 about +170 ticks away may be a great
exit for potential...
/RTY has the cleaner of the looking setups so far. Larger term inv. h/s targeting ATH(red box), needing a push into the right wing of the inv. h/s at 1592.2, then a breakout of 1618.7 for possible continuation for ATH attempt. Inv. h/s sprt at right shoulder validates ATH attempt, upon breach pattern is violated; hence the stop of 1520.2
Similar to our CL vs SPX chart; these two usually move in tandem, but the gap is widening. Is Russell leading, or behind schedule? My guess is the former.
The E-Mini Russell 2000 One hour time frame
entered into an up channel. The market is
now at the bottom of the channel to where the
market could extend to the top. The future
high price could be 1566.80 about +319 Ticks
away which is $1,595.00 for every one contract
traded. I am going to use the tunnel trader for
entry as the market extends to the top.
were backtesting the downward sloping 200 day here after failing to break the previous two times. This chart is why I am so bearish RN if this thing starts to turn down we likely make new lows when the neckline breaks. RISK IS VERY HIGH RN like this week or next week
The index has bounced this week off the 1,458.00 Support which was the contact point on October - November 2018. This is a cyclical buy opportunity on 1D and an early long signal as 1D is still neutral (RSI = 44.642, ADX = 33.294, Highs/Lows = 0.0000). We are long on RTY targeting 1,590 (Resistance). If this bullish sequence later holds the 1,498.80 - 1,514.20...
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