Buying Russel2000 on the 1h counter trend line break bullish
Russell2000 is moving higher in the major daily uptrend with daily up fibonacci ABCD 1,618 D extension @ 2590. Since 2021 February index is consolidating in the daily range with support @ 2100 and resistance @ 2310. Last week it tested daily range support and bounced off it. So now it is moving to daily range resistance.
On 1h it started to form an up trend line. I'm buying 1h counter trend line bullish in the buy zone. I'm going for profit of 90 points with 1:2 RR.
On 1h it started to form an up trend line. I'm buying 1h counter trend line bullish in the buy zone. I'm going for profit of 90 points with 1:2 RR.