Russell2000 downside continuation

Russell2000 is reaching the confluence of the downside support

 

Russell2000 is testing the 1900 level. This is a strong confluence of the downside support and upside channel resistance. This is also a 50% retracement of the latest swing higher it offers a good RR short trade opportunity for the downside extension inside the channel. This is a continuation pattern.

Note: look for the short trade entries with the stop loss above 1900

 

Russell2000

 

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