The RTY one hour time frame is in a channel. The
market is near the top of the channel. As long as
the market stays below the top of the channel. It
is expected the market to push bearish towards
the bottom of the channel.
Entry: counter trend line break bearish
below the top of the channel.
STOP: In the buy zone above the entry.
LIMIT: 1756.7
Once or if the one hour time frame gives the
entry. As long as the market stays below the
top of the channel. It will be a good idea to
turn to the five minute time frame and look for
tunnel trader short, chandelier trader short,
and or destination trader short ideas towards
the one hour price target.
market is near the top of the channel. As long as
the market stays below the top of the channel. It
is expected the market to push bearish towards
the bottom of the channel.
Entry: counter trend line break bearish
below the top of the channel.
STOP: In the buy zone above the entry.
LIMIT: 1756.7
Once or if the one hour time frame gives the
entry. As long as the market stays below the
top of the channel. It will be a good idea to
turn to the five minute time frame and look for
tunnel trader short, chandelier trader short,
and or destination trader short ideas towards
the one hour price target.