RTY Short at Supply
Updated
RTY experienced an explosive move down from a pivot level which historically has been a favorite pivot point, once being Supply, then becoming demand, etc... Looks like we are currently in Supply mode.
Take the Short at supply if price has the strength to retrace
Expect 3:1 profit and if possible trail it from supply level to supply level as long as we can
Higher timeframe is in a downtrend and RSI weakening at each pivot high encouraging continued weakness and permission to take the short.
Take the Short at supply if price has the strength to retrace
Expect 3:1 profit and if possible trail it from supply level to supply level as long as we can
Higher timeframe is in a downtrend and RSI weakening at each pivot high encouraging continued weakness and permission to take the short.
Order cancelled
Note
Price did not retrace to original level as described... Discovered there was a Hidden Level of Supply created earlier
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