US2000 is currently moving in a clear ascending channel, accommodated by its recent higher high and higher lows. In the 4-hour chart, we can see that a double bottom has formed at the bottom of the ascending channel and price has recently broken its neckline. This further confirms the bullish momentum. Now, our task is to buy the pullback.
The potential buy...
Q1 was a disaster. The good part here is, that it goes for all asset classes. Three important price levels for the US2000: 1900, 2300, 2450 to look at:
Russel 2000 actually looks good and shows decent fundamentals.
Bullish RSI to Price Action ratio, as well as High Volume on hitting the temporary low level 1900. This support level was hit a few times and held....
➡️ Markets have been tumbling back and forth over the past couple of weeks amid geopolitical uncertainty, yield curve inversions and talk of a recession. And now we may have received a real bearish reversal signal in the major indices, especially the Russell 2000 Small Cap Index, which was already lagging behind the broader market.
Judging by the dynamics of...
See Picture for full Top-Down Analysis:
Higher Timeframe:
-Price high on 4hr sideways range so selling is a higher probability
-Buy Low with confirmation on lower-frame confirmation and sell high with confirmation on the lower timeframe.
Lower timeframe:
-Price broke upward Trend Line.
-Price Removed Pivot Point Demand Zone
-Rally Base Drop Created
-Sell...
Bigger isn't always better.
Case in point: Lots of trading desks are locked in on the dramatic underperformance of the small-cap Russell 2000 Index amid the bounce-back in broader stocks from the late January lows. The Russell 2000 — which is often viewed a proxy for the strength (or lack thereof) of the domestic economy — is down 10.5% this year compared to a 6%...
Its looks we finally find our bottom at least for the weekend. anyway stay alert, and play by your own rules. Put 3/4 money into any direction that you originally think.
More often than not, Russell2000 is ignored by traders. However, this index can offer us valuable clues of what's about to happen next in the economy and with major indices simply because it contains 2000 companies and these companies are medium size, reflecting best the state of the economy.
If we look at the posted chart we can see that the index has traded in...
MN trend: Upwards
W1 trend: might react to zone and continue upwards
Price also has to break TL first.
D1 Chart:
Wait for Price to retrace to D1 demand zone - within W1, within MN
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MN TF: Candle close lower than previous month (Nov)
- Indicates momentum has changed from LONG to SHORT
W1 TF:
New Supply zone formed
- Look for fresh D1 and H1 zones to sell
D1 TF:
Supply zone formed
H4 TF:
Brand new supply zones formed.
H1 TF:
2 SELL zones identified.
This is RUSSEL 2000 and of course other indices will follow. Russel looks the best and its easy to see. Yellow lines are places where people have stop losses and when SL is triggered its the catalyst for price to move. We can see market flash crash before FED will buy the markets back up. Next week can be red but small push up before another selloff is possible.
WK tf - long bias
D1 direction
price needs to decide where it will go
H4 intermediate
Potential H4 supply zone will be formed if price breaks H4 demand zone
-Price broke out of 1 year range.
- Looking for long positions if price pulls back
into the RBR demand using it as support/ breakout
restest zone.
-Confirmation on LTF
