The RTY one hour time frame is in an up trend.
The market is making higher highs and higher
lows. The market has an up Fibonacci with an
extension price point 2170.1 about +779 ticks
above the market. As long as the market stays
above the up trend line. It will be a good idea
to look for long ideas towards the Fibonacci
extension.
Entry: Counter trend line break bullish above
the up trend line.
STOP: 2047.6
LIMIT: 2170.1
Another entry idea: If the risk is too large. It
will be a good idea to turn to the five minute
time frame and to look for long ideas towards
the one hour time frame limit.
The market is making higher highs and higher
lows. The market has an up Fibonacci with an
extension price point 2170.1 about +779 ticks
above the market. As long as the market stays
above the up trend line. It will be a good idea
to look for long ideas towards the Fibonacci
extension.
Entry: Counter trend line break bullish above
the up trend line.
STOP: 2047.6
LIMIT: 2170.1
Another entry idea: If the risk is too large. It
will be a good idea to turn to the five minute
time frame and to look for long ideas towards
the one hour time frame limit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.