Recap In last weeks analysis of RTY, we saw that the Russell was at a critical point where it was testing the point of control line for the volume profile indicator, the 50% fib retracement, and a major resistance level. We knew that there would be a lot of buying pressure required in order for Read More…
RTY shoot through low volume nodes Bulls have completely taken control of RTY as it has rocketed 7% in four days. One of these reasons is that as RTY broke above $1,820, it entered into low-volume nodes all the way up to $1,873. Low-volume nodes have little liquidity, meaning price tends to break through them Read More…
Russell 2000 RTY On April 28th, there was a long trade opportunity with an entry price of $1,747.6, a profit target of $1,826.3, and a stop loss of $1,693.7. The market has rallied since then, just missing our target by a few ticks, and has now dropped back to the original entry price. Before we look Read More…
Recap The last time we looked at RTY was back on March 28th. There was a support band that formed at the $1,738 level, which is close to the 78% Fib level too. Price did rally out of the support zone by 200 points and has now retraced back into it. Let’s take a look at Read More…
Technical analysis Price action: There is a strong band of support that has formed at the $1,738 level, which was our previous bearish target. It is all the 0.78 Fibonacci level. The candlesticks show strong bullish sentiment as every time price dips below $1,738, it gets bid back up. This can be seen by the multiple wicks Read More…
The trend is now bullish on RTY due to the higher high made on the daily chart. Looking at the hourly time frame for possible entries. A very inspirational mini-movie about a Japanese day trading legend. Analysis In our technical report two weeks ago, we looked at two potential trades, a long and a short one. Read More…
