Pending short, wait for breakout of consolidation.

17 thg 7, 2019

Russel 2000 is in a clear down trend, on the bigger time frame. It rejected of the upper parallel of descending channel and is momentarily making a consolidation pattern just below upper parallel.

120 min time frame
A break and close below 1550, would be a bearish reading and signal a top.


Stop loss: Conservative: above yearly high of ~1620.
Aggressive: ~1590
Target: Area of 2017 and 2019 Open ~1350

17 thg 7, 2019

Giao dịch đang hoạt động

My entry point is reached, it breached the lower parallel of the ascending channel and closed below monthly opening range low ~1553 on a 120-min bar.
This is not a trade for the short long, but rather one where i will add to in the coming weeks/months.