RTY1!
I sometimes wonder if people realize how bad things are going to get.
Daily chart analysis
RTY1! Reached all-time highs after the fake money covid pump. It then spent all of 2021 moving sideways in what turned out to be a Distribution stage.
It entered a downtrend (under 200ema) to start 2022 and found support by mid-year.
Now over the last 12 months, price has pulled back to 200ema and has been moving sideways in form of a Double Top.
This possible “Double Top” pattern has formed a nice tight “build-up” of price at support. This is very bearish as bears are showing strength by containing price in a small range at support level.
Want high probability trades? Trade patterns that coincide with the trend.
Double Top pattern (Bearish pattern) + Downtrend (Bear market) = High probability short trade
The neckline has yet to be broken but the current build-up of price at support level gives us a nice risk/reward entry.
This is my cue to enter trade short.
Entry: 1769.8
Stoploss: 1913.2, -8.10%
Target #1: 1363.8, +22.94%, 2.83 RR ratio
Target #2: 973.2, +45.01%, 5.56 RR ratio
I sometimes wonder if people realize how bad things are going to get.
Daily chart analysis
RTY1! Reached all-time highs after the fake money covid pump. It then spent all of 2021 moving sideways in what turned out to be a Distribution stage.
It entered a downtrend (under 200ema) to start 2022 and found support by mid-year.
Now over the last 12 months, price has pulled back to 200ema and has been moving sideways in form of a Double Top.
This possible “Double Top” pattern has formed a nice tight “build-up” of price at support. This is very bearish as bears are showing strength by containing price in a small range at support level.
Want high probability trades? Trade patterns that coincide with the trend.
Double Top pattern (Bearish pattern) + Downtrend (Bear market) = High probability short trade
The neckline has yet to be broken but the current build-up of price at support level gives us a nice risk/reward entry.
This is my cue to enter trade short.
Entry: 1769.8
Stoploss: 1913.2, -8.10%
Target #1: 1363.8, +22.94%, 2.83 RR ratio
Target #2: 973.2, +45.01%, 5.56 RR ratio
İşlem aktif
İşlem kapandı: durdurma seviyesi
July 14th Stoploss: 1913.2, -8.10%İşlem aktif
reEntry: 1769.8Stoploss: 1913.2, -8.10%
Target #1: 1363.8, +22.94%, 2.83 RR ratio
Target #2: 973.2, +45.01%, 5.56 RR ratio
İşlem kapandı: durdurma seviyesi
Stoploss: 1913.2, -8.10%
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.