This is the RTY at the 4 hour view. The RTY is between 2 channels now. The two white lines are the bottom of my former uptrend channel. I'm showing that the RTY is at a crossroads between an uptrend channel and a downtrend channel. The RTY's fate really depends on the financial sector (XLF/FAS).
I'm aiming for high probability, high reward support and resistances myself. A high quality support is around 1350-1360. A high quality resistance should be around 1455. They seem far away now, but the RTY has been surprising everyone for the past 4 weeks now.
I'm aiming for high probability, high reward support and resistances myself. A high quality support is around 1350-1360. A high quality resistance should be around 1455. They seem far away now, but the RTY has been surprising everyone for the past 4 weeks now.
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.