Potential downside on US2000, RTY - SHORT
Updated
Looks like we have a good opportunity to go short on RTY.
Rejected the weekly trend line and looks like we are forming a double top pattern in the 4 hr timeframe.
Entry - 1980
Stop - 1795 ( I would like to see a 4 hr close over this level or the red sell zone)
First target - 1960
Final target - 1930
Let me know your inputs. Happy trading!
Rejected the weekly trend line and looks like we are forming a double top pattern in the 4 hr timeframe.
Entry - 1980
Stop - 1795 ( I would like to see a 4 hr close over this level or the red sell zone)
First target - 1960
Final target - 1930
Let me know your inputs. Happy trading!
Trade active
Reached our first target. I would book some profits here and update my stop loss for the restUpdated Stop loss: 1980
Trade closed manually
Stop loss hit and I am out of the trade. I might reenter later if I see a bearish price action but at this moment no trade here.
All in all, a successful trade! congratulations!
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.