RTY - Russel 2000: Bearish Harmonic Pattern
RTY index completed a bearish harmonic pattern.
The first price reaction was aggressive and good for this type of pattern.
We may see any correction again up to 2060 - 2070 before the price moves down further.
Next week, on Wednesday, March 20, the market will await the FOMC meeting and if they will make any change to the Monetary Policy statement related to a rate cut.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
RTY index completed a bearish harmonic pattern.
The first price reaction was aggressive and good for this type of pattern.
We may see any correction again up to 2060 - 2070 before the price moves down further.
Next week, on Wednesday, March 20, the market will await the FOMC meeting and if they will make any change to the Monetary Policy statement related to a rate cut.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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