RTY hard rejected after its breakout above the 2100 area. Now it is almost back down to the bottom end of the wedge. I'd expect a break to the downside and a test of demand around 2k relatively soon unless it does end up breaking out above 2100 again and sustains.
I see that fakeout as highly bearish and I'm already bearish on the market anyway so this seems like a good short candidate to me. If either of these paths play out, I'd look for IWM puts on the arrows.
I see that fakeout as highly bearish and I'm already bearish on the market anyway so this seems like a good short candidate to me. If either of these paths play out, I'd look for IWM puts on the arrows.
You reap what you sow.
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The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.