Last time we had a look at Russell 2000 (RUT) was 2 months ago (November 28 2025, see chart below) where we gave a strong Buy Signal that quickly hit our 2600 Target:
This time, with the price approaching the top (Higher Highs trend-line) of its 10-month Channel Up, the technical sentiment turns bearish again. The maximum a Bullish Leg rose by within this pattern was +21.74% (its 1st) and since the 1D RSI got overbought for the 3rd time in 7 months (the previous two were Higher High tops), we expect the index to start a new Bearish Leg soon.
The last two Bearish Legs pulled back and hit at least their 0.5 Fibonacci levels. Even from a potential +21.50% max, that gives us a 2550 Target for the short-term, which won't only be a Higher Low bottom for the Channel Up, but will also test the 1D MA100 (green trend-line).
---
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
---
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
This time, with the price approaching the top (Higher Highs trend-line) of its 10-month Channel Up, the technical sentiment turns bearish again. The maximum a Bullish Leg rose by within this pattern was +21.74% (its 1st) and since the 1D RSI got overbought for the 3rd time in 7 months (the previous two were Higher High tops), we expect the index to start a new Bearish Leg soon.
The last two Bearish Legs pulled back and hit at least their 0.5 Fibonacci levels. Even from a potential +21.50% max, that gives us a 2550 Target for the short-term, which won't only be a Higher Low bottom for the Channel Up, but will also test the 1D MA100 (green trend-line).
---
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
---
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.