E-Mini Russell 2000: Will this correction end up as ABC?

RTY1 - has tested for 3 times 2165-2170 price area during the last three hours. This is showing that the support zone is holding very well as long as the price is creating long shadows above it.
From the other side, I am watching a possibility that the price completed an ABC correction move, and now it may move higher. If that happens the first resistance zone will be near 2220. That zone may push the price lower again for a bigger corrective pattern. If the price will manage to break above 2220 it will open the door for more upside up to 2280.

Thank you and Good Luck!

Bình luận:

A very nice movement here. You can take partial profits.
From 2165 to 2205

Đóng lệnh: đạt mục tiêu:

TP1 reached. The price made an aggressive move and actually, it's above the pattern. The bulls may push the price higher.

Bình luận:

RTY1-Keeps moving higher