Russel heading into resistance?

Hi Guys
The Russell 2000 is currently heading towards an area where we may find sellers stepping in and offering some strong resistance.

The pink zone on the chart is that area and it contains an unmitigated daily order block. The big players will surely have orders to fill there and have been waiting a while for
the opportunity to do so.

Also the zone is between the 78.6 and 88.6 fib levels measuring from hi to low thus making it a premium sell zone. Looking left on the chart we can see that this area had some strong reactions when price was there before the bear market.

The Russell is getting strong support at the 200 ma (purple line) and both the AVWAPS from high and low of the chart so if we get astrong pullback soon look for the 200 ma and the AVWAPS for support and possible buy setups.

There is also a butterfly harmonic pattern developing with nice structure and can finish at either the 1.27 or 1.618 extension of the D point. Both those points look good for sell opportunities.

Safe trading all