Good morning, Traders!
The long-term and short-term directions for the Russell 2000 (RTY) are up as the market pushes toward 2588.1. That’s a +4,700 tick opportunity!
The RTY is breaking through the counter trendline in the daily timeframe and heading into positive territory.
Remember that we use counter trendlines to help us determine how to execute our entry strategy. To learn more on how to do that properly, take a few minutes to check out my free resources on the subject here.
We’ll look at the daily and one-hour timeframes for the RTY to see our buying opportunities and what the market will likely do in the coming day. Let’s jump in! Daily Timeframe Analysis
The RTY has broken through our counter trendline (short diagonal grey line) and is heading into the buy zone.
The market is making higher highs and higher lows. That means the overall direction is up, and we can expect opportunities to buy into the RTY on its way up.DAILY TIMEFRAME
The long-term direction is up for the RTY
The short-term direction of the market is up for the RTY
The RTY has U-turned off support and is heading toward higher prices
Learn more about the Daily Direction Indicators here…
The RTY is breaking through the counter trendline (short grey line) and preparing for a +4,700 tick rally
If this trend continues, we should see a +4,700 tick movement toward 2588.1. What does that mean? It means we have a chance to make money in the RTY! But before you jump in, you need to read more about predicting future price movement. You can do that right here.
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One-Hour Timeframe Analysis
In the one-hour RTY timeframe, it’s clear that the market has pushed past the counter trendline and is heading into new positive territory!
This information aligns with what we’re seeing in the daily timeframe, meaning the RTY is set to make some serious gains as the price continues to push bullish.
The RTY has definitely pushed bullish within the one-hour timeframe!
Our latest U-turn was clear (dark green arrow at bottom) and reflected the historical U-turn points in the RTY daily timeframe chart. That gives us confidence in the current trend as it unfolds.
And to get more information about how to correctly spot market trends, check out this free resource I created!The Bottom Line
The RTY is looking up in both the long-term and short-term directions. We can expect higher highs and higher lows as the price pushes bullish past our counter trendlines.
But remember that we buy at low prices within the buy zone and wait for the market to hit a new high before we talk about when to sell. That’s why our timeframe charts are so important!
The RTY is pushing bullish and headed toward a new high price
It’s now time for you to stop making excuses and start working on becoming a winning futures trader! Follow along as I reveal the crucial aspects of my trading strategy that will allow you to become a profitable futures trader!
Keep On Trading,
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