RTY Short Idea
RTY hard rejected after its breakout above the 2100 area. Now it is almost back down to the bottom end of the wedge. I'd expect a break to the downside and a test of demand around 2k relatively soon unless it does end up breaking out above 2100 again and sustains.
I see that fakeout as highly bearish and I'm already bearish on the market anyway so this seems like a good short candidate to me. If either of these paths play out, I'd look for IWM puts on the arrows.
I see that fakeout as highly bearish and I'm already bearish on the market anyway so this seems like a good short candidate to me. If either of these paths play out, I'd look for IWM puts on the arrows.
Subscribe to support the cause and for live trade alerts, commentary, private ideas, and more:
ko-fi.com/advancedplays/
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.