Good morning, Traders!
We just talked about the E-mini Russell 2000 (RTY) and the sell-off I predicted. If you missed that write-up, be sure to check it out here.
Now, the RTY has fulfilled our Fibonacci extension and hit the low price at support. Again, just as I said it would! That means we’re ready to take a look at our one-hour timeframe and get ready to search for opportunities to buy at a low price in the buy zone and ride the market back to a bullish rally.
But before we do that, you need to know how market entry with counter trendline breaks works. I’ve got an informational article just for that. Go check it out now!
Let’s jump into the timeframe analysis to see where the RTY is headed:Daily Timeframe Analysis
If you look at the daily timeframe for the RTY, you’ll see that the market fulfilled the Fibonacci extension beautifully. Just look at how that price drop followed right along with my prediction (the yellow line)!
The market has clearly hit support (bottom grey line) and is ready for a rebound. Remember that support is the price at which buyers begin to regain control of a market and start to drive the price up again.DAILY TIMEFRAME
The direction within the daily timeframe is up for RTY
The short-term direction of the RTY is up as the market prepares to rebound
The RTY is U-turning off support and headed for a new bullish push
Learn more about the Daily Direction Indicators here…
The RTY has fulfilled our Fibonacci extension down to support. Now we wait for a reversal back toward the top of the channel
Now we want to see the market U-turn off support and head back toward the top of the channel. We’ll turn to our one-hour timeframe to know when the market is ready to buy.
For information about how predicting this sort of price movement works, check out this write-up I put together just for you.
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One-Hour Timeframe Analysis
In the one-hour timeframe, the RTY is already rebounding off support and headed up again! That’s why we always follow the strategy. We wait for the price to bottom out, U-turn, and then enter the buy zone before you enter. That way, we maximize our chances of making as much money as possible in our trades.
The RTY one-hour timeframe shows the market already rebounding off support and headed for a new high price!
As the RTY continues to move, we’ll keep an eye on our timeframe charts to look for the best opportunity to make a buy. And one of the best tools we can use to determine when it’s time to jump into the market is drawing trendlines. Get all the info you need on how to correctly draw trendlines in this special free article I wrote.The Bottom Line
The RTY has hit support, just as I predicted, and is ready to U-turn and make another bullish push to the top! This trade is a classic example of how my trading system works to map put future price direction with incredible accuracy.
Now’s the time to polish up our entry strategy while we look for opportunities to enter the RTY market. We should see some serious profit-making moves out of the RTY soon.
We’re ready for the RTY to rebound and start moving back to the top. Now’s the time to prepare your entry strategy
As we watch the RTY strategy unfold, now is the time to get the tools and knowledge you need to become a real futures trader. I’m here to help you realize your money-making potential in futures. Just 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,
Mindset Advantage: Breathe
If you’re not breathing, you’re not focused. If you’re not focused, you can’t see the market. Opportunities slide by in an instant. Hazards reveal themselves only when it’s too late.
You need to breathe. Breathing exercises have proven to reduce stress and increase focus.
Sure, you’re already breathing if you read this. But when you trade… you need a breathing regimen. Whatever it is: Through your nose, out your mouth counting to 10 or 100. Find a method and routine that works for you.
You’ll find balance, clarity and focus when you trade. Your heart rate will come down and you’ll just feel better.
Try it. And enjoy your trading.Traders Training Session