The US2000 index is currently exhibiting distribution behavior beneath a key resistance zone after a failed breakout attempt. Price is moving sideways in a choppy range, struggling to maintain bullish momentum — a bearish transition structure appears to be forming.
A breakdown below 2,095 would likely trigger a move toward 2,040, and if selling pressure continues, possibly down to 1,980.
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A breakdown below 2,095 would likely trigger a move toward 2,040, and if selling pressure continues, possibly down to 1,980.
🚀 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions, I will respond :)
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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4H CANDLE CLOSED BULLISH INVALIDATED THE SELL SETUP
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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.