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E-Mini Russell 2000 Index FuturesEE

E-Mini Russell 2000 Index Futures

2,119.4USDD
+18.0+0.86%
At close at May 16, 20:59 GMT
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RTY1! trade ideas

RTY1! 6/1/2023RTY1! I sometimes wonder if people realize how bad things are going to get. Daily chart analysis RTY1! Reached all-time highs after the fake money covid pump. It then spent all of 2021 moving sideways in what turned out to be a Distribution stage. It entered a downtrend (under 200ema) to start 2022 and found support by mid-year. Now over the last 12 months, price has pulled back to 200ema and has been moving sideways in form of a Double Top. This possible “Double Top” pattern has formed a nice tight “build-up” of price at support. This is very bearish as bears are showing strength by containing price in a small range at support level. Want high probability trades? Trade patterns that coincide with the trend. Double Top pattern (Bearish pattern) + Downtrend (Bear market) = High probability short trade The neckline has yet to be broken but the current build-up of price at support level gives us a nice risk/reward entry. This is my cue to enter trade short. Entry: 1769.8 Stoploss: 1913.2, -8.10% Target #1: 1363.8, +22.94%, 2.83 RR ratio Target #2: 973.2, +45.01%, 5.56 RR ratio
CME_MINI:RTY1!Short
by rudcharts
3
RUSSELL 2000 Bottom of Channel Up. Buy signal.Russell 2000 reached the bottom of the (1d) Channel Up on a symmetric -9.20% bearish leg, like the one before. It is holding above the MA100 (1d), same with August 25th 2023, which was also a -9.15% decline but the rebound failed to close over the MA50 (1d) and resumed the downtrend. Trading Plan: 1. Buy on the current market price and as long as daily candles are closed over the MA100 (1d). 2. Sell if a daily candle gets closed under the MA100 (1d). Targets: 1. 2230 (+13.61% rise like the bullish leg before). 2. 1830 (-15.63% decline from the top, like the March 24th 2023 low). Tips: 1. The RSI (1d) is on a pattern consistent with -9.20% declines. It is approaching the 30.00 oversold limit. Please like, follow and comment!!
CLong
by TradingBrokersView
7
RTY Monthly time frame testing SupportThe RTY Monthly time frame pushed bullish last month and closed above resistance (Around price point 2000.00). This month the market has had a bearish dip and appears to be testing the price of the old resistance level which can now act as support and push the market up. This is pretty normal when the market breaks out of a sideways range. If the market can stay above price point 2000.00 I am expecting the market to push bullish towards the new up monthly Fibonacci extension price point 2380.2 about +3,246 ticks above the market. If the market closes below the monthly support price point 2000.00. Then I would expect the recent bullish push to be a false bullish breakout and the market to push back down towards the old consolidation low around price point 1638.00. According to the research, as long as the market stays above 2000.00. It will be a good idea to turn to the daily time frame to look for low prices in the buy zone before looking for long ideas.
CLong
by JoshuaMartinez
2
Follow up on the dollar4.10.24 If I had taken the dollar trade I would have lost money with a small stop... so it was losing trade... but it turned into a two-bar reversal to go long and that would have made up for the loss of money on the first trade and then some. Markets can certainly have a two bar reversal that will entice you to take a trade in one direction but if the market doesn't really start to move and it turns into a two-bar reversal in the other direction... that's telling you that the markets likely to trade that direction.... which is perfectly okay as long as you have small stops. Talk about the Russell on that video.... but the Russell because of the pattern is a much more reliable pattern and I want you to see what that looks like.... in addition without a doubt it has much more volatility than the dxy. I tried to run the numbers for you for the Russell even if you made an opening price trade to go long but then it turned into an opening price trade to go lower.... and now you have a market that can move thousands of dollars even with a mistake and create a good return..... using basic techniques.
C
by ScottBogatin
RTY Monthly time frame bullish breakoutThe RTY Monthly time frame has been sideways. The market was able to close above resistance (The top blue level) that has pushed price down several times. If the market can stay above resistance (the top blue line) I am expecting a the market to have a bullish push towards all time highs near target price point 2455.9 about +4,000 ticks above the market give or take. As long as the market stays above resistance, it should be a good idea to turn to the smaller time frame and look for buying ideas in the buy zone.
CLong
by JoshuaMartinez
4
Major move in the making!We are primed and ready for a huge move soon! I would imagine it will take place this week. Be ready to enter and take advantage but also make some money in the process! Today I once again passed my target goal of $500 per day so I may not trade anymore but I will keep my alerts set and be ready to enter again if my lines are touched! Be careful and good luck today! Down, Up, or sideways: Does not matter. Follow the market! Let it tell you where it wants to go!
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by traderextraordinaire
Down, up, sideways. Did you make money today? Make sure to journal your trading journey! I journal every day my progress and I set goals that are realistic. For example my goal to hit by the end of this month is 20k I make an average of $500 or more per day so I can easily journal each day what I did good and bad and if I got close to my $500 a day goal. This week I believe we are still headed up overall but it doesn’t matter what I think! Tip: Follow the lines, manage your risk, and trade with the goal of not loosing your money! Then money will flow!
C
by traderextraordinaire
Are we starting to head down? Or is up still our heading?We've been pushing down the past few days but the UP movement is still in play! Either way, there's an opportunity to make money every day! Study your trades at the end of the day. See what you could have done better. Do you know why you entered or did you just jump in because of your fear of missing out? Did you exit with confidence? Did you accept what the market gave you, or did you try for more? You should be able to trade with confidence and be a profitable trader! Good luck this week!
C
by traderextraordinaire