The RTY one hour time frame is in a channel. The market is near the top of the channel. As long as the market stays below the top of the channel. It is expected the market to push bearish towards the bottom of the channel.
Entry: counter trend line break bearish below the top of the channel.
STOP: In the buy zone above the entry.
LIMIT: 1756.7
Once or if the one hour time frame gives the entry. As long as the market stays below the top of the channel. It will be a good idea to turn to the five minute time frame and look for tunnel trader short, chandelier trader short, and or destination trader short ideas towards the one hour price target.
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