The Russell 2000 formed a symmetrical triangle after a strong sell-off, showing a period of compression where volatility started to decrease. These structures often precede a momentum expansion once price breaks out of the pattern.
Price has now broken above the triangle resistance, suggesting that short-term momentum could shift to the upside.
Entry 2628
Stop Loss 2579
TP 2676
Price has now broken above the triangle resistance, suggesting that short-term momentum could shift to the upside.
Entry 2628
Stop Loss 2579
TP 2676
Trade closed: stop reached
Trade did not catch enough momentum. Trading plan respected
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.