US Russell 2000 RTY ~ Ping Pong Perpetuity (Daily Chart) pour CAPITALCOM:RTY par BlueHatInvestor

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RTY chart mapping/analysis.

Russell 2000 still stuck within trading range despite recent rallies across major US indices.

What's on the chart:

Ascending parallel channel (light blue) captures upward trend over multi-decade timeframe
Descending parallel channel (white) frames downward trend from upper to lower range (multi-decade) parallel channel
Horizontal lines (yellow dashed) locks in trading range (June 2022 to present)
Descending trend-line (light blue dotted) highlights pivot support points
Fibonnaci levels establishes key supply/demand zones

Short-medium term outlook:

Neutral-bearish
RTY remains in "Ping Pong Perpetuity" until breakout on either side of trading range
200DMA acting as dynamic resistance, exerting downward pressure
Bullish reversal = rally above 200DMA to switch trend & test upper trading range

Idées en relation

about US100

about US500

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