There seems to continue to fall in the price that would likely lead to the next price target of 1600 over the next weeks of trading the stock and index,
The next anticipated touch on the counter trendline would be a confirmation of my bias.
Hi Peoples.
Just my two cents worth here.
I'm using chart for Russell 2000 as pattern and Bullish candles on there are better formed than the Dow, S&P and Nasdaq, but they will behave almost the same in terms of movement in the market.
I am going long on indexes and reason why is
1. Double bottom on Weekly chart (for russell 2000), with a very bullish...
Multi Timeframe Analysis
Hint: Russell 2000 testing a bearish order block at 1760 to 1774. Potential fall to 1669 coinciding with bullish orderblock and volume profile point of control.
Bull-Bear Narrative:
1. Price in tight consolidation awaiting explosive breakout.
2. A bullish order block at 1669 needs to be satisfied which will complel a bearish surge....
Multi Timeframe Analysis
Hint: Russell 2000 could not reach a bearish order block at 1762
Bear Narrative:
1. A bearish order block is rejected ; expect a potential rebound to 1717 corresponding to a first fibonacci level. Price gravitates to such market imbalances.
2. Trader's Dynamic Index about to signal oversold.
3. Bearish Anti Butterfly harmonic patterns...
Multi Timeframe Analysis
Hint: A massive bullish order block spanning 1500 to 1653 begs satisfaction. Price could linger within this range until all pending institutional orders are filled.
Bearish Narrative:
1. Bullish institutional order block about to be reached. Price gravitates to such market imbalances.
2. Multiple MACD, RSI, MFI bearish divergence...
Strategy deployed
Acw bar patterns
Acw sessions
Acw advance fibs
Acw gap analysis
Acw time cycle analysis
Acw advance High impact forecasting till 25th jan 2023
The market has been choppy and volatile, let's see what this week holds. These are my predicted possibilities for NFP till mid October. Let me know what you guys think.
A double bottom is a reversal chart pattern in technical analysis that describes a change in trend.
RUT Russell 2000 is oversold at the pre-covid level right now on a double bottom chart pattern.
My price target is $1805.
Looking forward to read your opinion about it.
Trade Idea: Buying US2000
Reasoning: Some RSI divergence being seen, looking for some window dressing by hedge funds and a move higher today!
Entry Level: 1694
Take Profit Level: 1750
Stop Loss: 1667
Risk/Reward: 2.07:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very...
"Russell 2000 / M2 Money Supply" ratio
1) It moves in a horizental trend in the long-term.
2) %20 discounted compared to 500 days MVA.
3) Nearly touched a major long-term horizental support.
Of course it can also move more downwards if the crisis/war deepens but we can say that the probability of upwards move is more likely.
First target: 0.095-0.100
Russell 2000
We expect the decline to continue as prices traded at the crucial lowest point in 2022, the top of wave ((x)), and to continue down to the target wave ((z)). We may see lower prices at 1514 to end wave ((z)) of the larger wave 2
Trade Idea: Buying US2000
Reasoning: Oversold RSI on the daily, looks to be putting in a short term bottom
Entry Level: 1685.0
Take Profit Level: 1759.0
Stop Loss: 1661.0
Risk/Reward: 3.08:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
Looking at the Weekly on the US200.
The probability is that this market is a bear market. With this in mind we are looking for areas of possible reversals.
If we look at the retracements of the last swing higher (March 2020 - November 2021) we see the market had a reversal at the 382 abnd the 50%. Both reversals reaching the top of our range boxes.
From here we...
The Russell 2000 has begun minute wave A of minor wave Y.
Theoretically, the preferred target for wave 2 after a leading diagonal in wave 1 is the 0.786 Fibonacci level. This means that minor wave Y should take prices up to about the 2284 level. However, both the Nasdaq 100 and Russell 2000 are lagging behind the S&P 500 and the Dow by a wide margin in percentage...
Trade Idea: Buying US2000
Reasoning: RSI bullish divergence, looking for a bounce on indices today!
Entry Level: 1789
Take Profit Level: 1829
Stop Loss: 1776
Risk/Reward: 3.08:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
