Russell2000 is reaching the downside channel resistance

Russell2000 is testing 1800

 

Russell2000 is testing the downside channel resistance 1800. This is the downtrend support of this correctional swing higher coupled with the 61.8% Fibonacci retracement of the latest swing down. Look for the reversal in the prevailing trend direction for a downside continuation inside the channel

Note: look for the short trade entries with the stop loss above 1820

 

RUSSELL2000 downtrend continuation

 

 

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