Using an arithmetic scale on the ETF for Russell 2000, the price is currently sitting on a flat 20 period MA on MONTHLY chart.
1. If level 106 fails to hold, price would most probably search for next support of around 100 and subsequently he price will be ping-pong around this demilitarized zone to square it out to determine the ultimate winner to take control of future direction
Or.
2. There will be a false broke up below 106 and creating a shadow only to be pushed back above 106
1. If level 106 fails to hold, price would most probably search for next support of around 100 and subsequently he price will be ping-pong around this demilitarized zone to square it out to determine the ultimate winner to take control of future direction
Or.
2. There will be a false broke up below 106 and creating a shadow only to be pushed back above 106