RUT H&S pattern confirmation, price action is wild. RUT has formed multiple gaps towards the upside. However I don’t think it’ll have the momentum to continue. It does look like RUT is aiming for 2222.20 price level. Depending on how it will close, We may see a test and reject down the to 2145 level.Important price level to pay attention to:
4HR candles closing below 2210.68, I’d BTO puts for $2145 weeklies;
4HR candles closing above 2289, we may have a run up to 2394.23
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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.