The RTY one hour time frame is in an up trend. The market is making higher highs and higher lows. The market has an up Fibonacci with an extension price point 2336.0. It will be a good idea to look for long ideas towards the one hour up Fibonacci.
Entry: Counter trend line break bullish in the buy zone.
STOP: 2256.2
LIMIT: 2333.2
Another entry idea: As long as the one hour time frame stays in the buy zone. It will be a good idea to turn to the five minute time frame and to look for long ideas towards the one hour limit price.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.