Price is in a fairly clear-cut trend one way in this market with all the recent momentum higher.
As the daily chart shows; price also recently broke higher and through the key daily resistance level.
This level looks like it could now act as a new price flip support level and a potential area to hunt long trades.
If price can now rotate back lower, then hunting...
US2000: end of uptrend and start of downtrend as per
4 hour timeframe. Expecting small cap index of
USA to fall as current market price
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look at the bigger picture
the minor details
whys the PA been doing THE things repeatedly
...like a fool
to catch em fools
act like one
anyways in layman's
R:R at each structure's
don't matter what direction :D~
This trade is mostly going to be up from Market open on monday. Good reversal spotted and It will go upto previous resistance. SL level marked in chart.
US30- Dowjones Industrial average is having similar pattern, but risk/reward ratio is less comparively.
Trail your stop losses accordingly.
Here we have the weekly chart of the Russell 2000 index futures market (similar to the IWM if you're trading ETFs). The small cap index is often thought to be a leading indicator of US market sentiment. Whether this is due to its wide breadth across industries (2000 companies vs 500 in the SPY and just 30 in the DOW) or because most of the companies in the...
The price can bounce from the Support Level 1586.0.
The best place for Buy will be in a marked zone.
Before to trade my ideas make your own analyze.
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