Russell showing whos in control
Hi guys,
Just additional info on Russel 200 that some may find useful
I was pointing out the control buyers have at the moment on this index.
Further on that, it is the first time that Russell has pulled back from the range high that it has been at for over a year and made an impulsive move to the upside and not down. Also the clear support on the pullback from the anchored vwaps from both the bear market high and low converge to support price at the pullback as well as the 50ma and the gap below not filled.
As I mentioned before two levels of interest where some excellent selling opportunities may arise are the two order blocks ive highlighted that have confluence with fib levels.
Hope some of this info is useful .
Safe trading all.
Just additional info on Russel 200 that some may find useful
I was pointing out the control buyers have at the moment on this index.
Further on that, it is the first time that Russell has pulled back from the range high that it has been at for over a year and made an impulsive move to the upside and not down. Also the clear support on the pullback from the anchored vwaps from both the bear market high and low converge to support price at the pullback as well as the 50ma and the gap below not filled.
As I mentioned before two levels of interest where some excellent selling opportunities may arise are the two order blocks ive highlighted that have confluence with fib levels.
Hope some of this info is useful .
Safe trading all.
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