Russel 2000 - Consolidation into Q3
- Hey Guys,
- For this Index the Consolidation period has been there since the big Engulfing Candle on the Yearly Chart happened in 22.
- To become bullish again Russel has to move beyond 2280 (-1625 is the lower end with a mid-point of 1940)…
- Until then I will take a neutral bias towards this Index. Most likely we will consolidate on the 3D Chart between the two white lines - Demand and Supply Lines from the Quarterly Chart. Keep in mind that the Blue Box is the High of 23 and the Red Box Constitutes the Middle Line of 22.
- I am looking to go long from the lower part and short from the upper part of the Consolidation - until a break occurs.
- Normally I would enter on the 4h or 2h Chart but I will break it down to the 1H Chart because I like to take entries from there (Risk - Reward wise).
- Thanks for reading
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