Russell 2000 futures may resume the bearish trend established earlier this year, trading below wedge support following the completion of an evening star reversal pattern on Wednesday.
Shorts could be established on the break with a stop above the former uptrend for protection. Support may be encountered around 2050, although 1994.8 looms as a more appropriate target for those seeking greater risk-reward.
RSI (14) has rolled over, while MACD remains negative despite grinding higher over the past fortnight, painting a picture of waning momentum that complements the bearish price signals.
If RTY were to reclaim the former uptrend, the bearish setup would be invalidated.
Good luck!
DS
Shorts could be established on the break with a stop above the former uptrend for protection. Support may be encountered around 2050, although 1994.8 looms as a more appropriate target for those seeking greater risk-reward.
RSI (14) has rolled over, while MACD remains negative despite grinding higher over the past fortnight, painting a picture of waning momentum that complements the bearish price signals.
If RTY were to reclaim the former uptrend, the bearish setup would be invalidated.
Good luck!
DS
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.