Good morning, Traders!
We totally nailed the analysis for the E-mini Russell 2000 (RTY)! The long-term and short-term directions are up as the market breaks the counter trendline toward a bullish push. This could work out to be a +4700 tick movement if the trend continues.
There’s a lot of concern in the market about the recovery and the possibility for more lockdowns in the coming months. So, it’s wise to keep an eye out on the broader market while watching futures.
Remember, opportunities to make money still show up even among economic uncertainty. To learn more about recognizing market patterns so you can spot profitable trades, check out my free resources here!
Now let’s jump into our timeframe analysis for the RTY:Daily Timeframe Analysis
The daily timeframe for RTY has done exactly what I expected it would do. The market has bounced off support and is breaking through the counter trendline (diagonal grey line).
That means we can expect the short-term direction for the RTY to stay up and push bullish. This is where we make a profit. We buy low as the price begins to turn positive and sell once we reach a new high price and the market turns 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 done exactly what I expected it would do! It’s bounced off support and is breaking through the counter trendline toward bullish
If you’ve been following my alerts on the RTY, you would know that this is what we wanted to happen.And if you missed out on this, be sure to follow my daily picks so you don’t miss the next money-making trade!
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One-Hour Timeframe Analysis
We’re seeing low prices for the RTY in the buy zone within the one-hour timeframe. The market is at the point where buyers should take control and start to push the price higher.
We grab futures at low prices when we know that the market has crossed our counter trendline and moved into the buy zone. That’s the simplest way to explain how this strategy works!
We’re seeing low prices for the RTY in the buy zone
It’s a good idea to keep an eye on the one-hour timeframe to see when the price begins to push bullish again. That’s when we know that the buyers have taken control and turned the market toward a bullish run.
The RTY has U-turned off support and is breaking the counter trendline, just as I predicted!
The market is moving in a positive direction and has given us opportunities to make some money! The current tick movement is expected to be +4700 ticks.
We’ll watch our timeframes to watch the high and low prices to give us an idea of what we should do with the RTY in the near future.
We’ll watch the RTY as it continues to push through the counter trendline and toward a bullish push
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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.
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