US2000 trade ideas
US-MARKETS : CORECTION NEARNG COMPLETIONDuring CORRECTIONS it is inciteful to create a CHART, where YOU can watch ALL the INDICES at once.
This is my PERSONAL trading CHART, with no further educational explanations.
IF you get it, YOU GET IT, if you don't, YOU DON'T. I really don't care.
We use ELLIOTT WAVE theory to determine WHAT we are looking for, (i.e. TOP or BOTTOM). THEN technical MULTI-TIME-FRAME Indicator analysis
To fine-tune to what extent price will and when. Enter and exit TRADES in steps ... NEVER go all-in or all-out at ONCE.
US-MARKET CORRECTION NEARLY COMPLETEDuring CORRECTIONS I find it useful to create a CHART, where YOU can watch ALL the INDICES at once.
This is my PERSONAL trading CHART, with no further educational explanations.
IF you get it, YOU GET IT, if you don't, YOU DON'T. I really don't care.
We use ELLIOTT WAVE theory to determine WHAT we are looking for, (i.e. TOP or BOTTOM). THEN technical MULTI-TIME-FRAME Indicator analysis
To fine-tune the expected move in terms of PRICE and TIMING. Enter and exit TRADES in steps ... NEVER go all-in or all-out at ONCE.
Trading scenarios for $RUT for 01-05 March 2021Trend:
Daily/Weekly/Monthly: Down/Mixed/Mixed
#RUT continues to be strongest of the 3 US indices, but Friday was disappointing.
3 possible scenarios:
1) Break of 2163, target 2097 and further 2044
2) As long as 2163 holds, look for longs, targeting 2289, which is a strong R. If we break this R, look for ATH at 2375.
3) 2163 holds and we target 2289. Rejection off 2289, for a move back to 2196.
IMO, scenario 3 is most likely.
Russel small cap 2000 short ideaRussel small cap 2000 moving upside in a paralell channel and now the price arrived to the Channel upper line at 2300 usd. I think it will go down to previously support/resistance at ~2200.
Trade at your own risk.
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Russell 2000 long targetThe 2357 area looks good as a long target. This is the 100% fib retracement level and also resistance from the upper band of a trendline from the 2016 - 2018 uptrend. I am not suggesting that price will reverse here, but I am preparing for some sort of impulse correction down from that level which should setup fib levels for potential entry longs. That would be how I will be playing it.
RUT - reversing in a massive CUP & HANDLE pattern?
Russell looks like reversing - many signs that 2174 could be a TOP in place - see my previous idea
BUT the reverse has been very SLOW so far
it looks like a massive top reversal curve or CUP & HANDLE pattern
it could be turning in a massive channel till Friday next week (options expiry) or beginning of FEB