Multi-week triangle forming on RTY. Breakout is very bullish.
Above 1.1826 🡪 1.1897 (confident that 1.1897 is a short; 13 year resistance) Sustained above 1.1897 is super bullish Below 1.1826 🡪 1.1787 🡪 1.1610 Short the 8hr H&S.
Still hasn’t closed above 3565 death line on HA daily chart—did last week, but then broke down below it again. Appears to be bull flagging (RSI still a bit high—60.80) Above 3570 🡪 3630 (big resistance) 🡪3760 Below 3570 🡪 3500 (heavy support) 🡪 3450 🡪 3400 🡪 3255
Could we see this H&S on the 4hr timeframe fill out? It's quite possible. Looking at ~11574 as the key level. If this is right, play the bounce long, then heavy short.