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Russell2000

RUSSEL LONGWe have bounced off the 200 EMA on the daily chart. We are at support of the 34 ema on the weekly chart. We have had a long period of consolidation now. Corrections can happen with time or price. This has been a correction of time. The candle lows have been making higher lows and have been forming hammers on the daily chart. The higher lows on the daily chart combined with the support of the EMA’s is what makes me bullish. We also have a symmetrical triangle formation on the daily chart which we broke out of and retested intraday today. The S&P and NASDAQ have had huge run ups and some of the money may be rotating out of those indexes into the Russel. BTC is breaking out and looking to retest all time highs. If it starts making new all time highs I expect there to be an easier environment for the Russel to rise. The stop is below the low of the consolidation. If we break that I am no longer bullish and will have to re-evaluate. I would try and take an entry off a smaller time frame with a much higher stop to increase the RR on the trade. Another way to go about this is waiting for the Russel to start trending higher and confirming the analysis and then buying the first large enough pull back. Waiting for this will allow for confirmation of the trade idea and give a better RR as well.
ULong
by The_Waves
Support and Resistance level for Major indexes!In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days! S&P 500 and NASDAQ 100 are trading at the resistance level, and Dow Jones and Russell 2000 are trading in a consolidation zone! In my view, tomorrow is a very critical day because of the Retail Sale Data! If Retail Sale Data, are lower than expected, today's gains will be washed away easily! Keep it in mind..!
TVC:SPX
by Moshkelgosha
5
RUT is kind of cornered pretty tight, 3 symmetric triangles !What Is a Triangle? A triangle is a chart pattern, depicted by drawing trendlines along a converging price range, that connotes a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns. KEY TAKEAWAYS In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles. Type of Triangles 1/ Ascending Triangle: An ascending triangle is a breakout pattern that forms when the price breaches the upper horizontal trendline with rising volume. It is a bullish formation. The upper trendline must be horizontal, indicating nearly identical highs, which form a resistance level. The lower trendline is rising diagonally, indicating higher lows as buyers patiently step up their bids. Eventually, the buyers lose patience and rush into the security above the resistance price, which triggers more buying as the uptrend resumes. The upper trendline, which was formerly a resistance level, now becomes support. 2/ Descending Triangle: A descending triangle is an inverted version of the ascending triangle and considered a breakdown pattern. The lower trendline should be horizontal, connecting near identical lows. The upper trendline declines diagonally toward the apex. The breakdown occurs when the price collapses through the lower horizontal trendline support as a downtrend resumes. The lower trendline, which was support, now becomes resistance. 3/ Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.Traders should watch for a volume spike and at least two closes beyond the trendline to confirm the break is valid and not a head fake. Symmetrical triangles tend to be continuation break patterns, meaning that they tend to break in the direction of the initial move before the triangle formed. For example, if an uptrend precedes a symmetrical triangle, traders would expect the price to break to the upside.
TVC:RUT
by samitrading
Russell2000, Immediate term trade and trend [11OCT2021]If you followed my previous posts, you will know my sentiments on this. Today the background signal went reflationary with foreground bearish. is it a probable buy the dip opportunity? Because I believe Q4 will be good for Russell, and if DXY falls, even better Let's see how this plays out, I will try and buy the dip today Check my profile and previous posts to read about the code/signals that I use. feel free to contact me if you want similar ranges on your tickers, I can add them to my system and post when it is interesting. ( for free of course) Redd
U
by reddan256
The most important support and resistance level of Major IndexesSeptember 2021 was a horrible month for major indexes, they experienced the biggest decline since February 2021. September performance: S&P 500 (-4.76%) NASDAQ 100(-5.73%) Dow Jones(-4.29%) Russell 2000(-3.05%) Chance of making money by opening long positions in September was really low! I believe raising the debt ceiling by Oct. 18 could bring market out of limbo..! But if it is not going to happen, we are going to see lower LOWs..! Monitoring the market in the next 2 weeks for those who are sitting on cash will pays off..! I would like to finish with George Soros: In my financial dealings, the discover of error would often present an opportunity to take whatever profits I had made from my flawed initial insight or cut my losses if the insight had not yielded even a temporary profitable result. Most people are reluctant to admit that they are wrong; it gave me positive pleasure to discover a mistake because I know it could save me from financial grief. In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days!
TVC:SPX
by Moshkelgosha
RUSSELL BREAK COMING SOON!!The Russell 2000 has been in a year long consolidation pattern - w/ price finding supply above 2315 & demand below 2165 - We are currently opening the month inside last months & last quarters value - which makes price action neutral at the moment - BUT price held up well durning this latest equity selloff showing some relative strength & a possible short term higher low - looking for a break & buildup above 2257 top setup for another test of the highs w/ probability of finally breaking out of this range increasing - however price action below this months open should b considered negative and any bullish setups would have to wait till we move back above. Watch & see how it plays out!!!
OANDA:US2000USDLong
by Captain_Maj
The worst trading month of the year finally finished..!Let's Review My posts About September 2021 before it happens: 1- August 24th, 2021: What is "witching" and why is it quadruple? Conclusion: We can use this data to find the seasonality of the market! This could help us make better decisions especially in the weeks leading to Quadruple witching. 2- September 2nd, 2021: The market does not like long weekends..! It seems in 2021, anytime we have had a long weekend, it has been followed by a correction between 1.5 - 5.5%. Another important historical data that makes it more likely is September performance! The average monthly historical return of S&P 500 between 1950-2017, shows September is the worst month of the year..!(Investopedia) I believe a 2-4% correction could be the most probable scenario in the coming week..! 3- September 8th, 2021: Breaking down a movement! 4- September 9th, 2021: Rounding Top or More correction is coming..! Last words: S&P 500 finished September with -4.76%, very close to my (-2% to 4% prediction) on September 2nd, 2021. This was the biggest monthly correction since March 2020..! Try to gather as much data as you can and use them with a neutral mindset, you will see the result! Moshkelgosha
TVC:SPXShort
by Moshkelgosha
5