The RTY one hour time frame is in a down trend. The market is making lower lows and lower highs. The larger time frame shows the market should push bullish towards the monthly up future resistance price point 2314.5. It will be a good idea to wait for the one hour time frame to break the down trend line and enter into the buy zone before looking for buying ideas.
Entry: Counter trend line break bullish in the buy zone.
STOP: In the sell zone
LIMIT: 2314.5
Once or if the market enters into the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long ideas towards 2314.5
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.