The RTY daily time frame is in an up channel.
The market is at a high price hitting the top
of the channel. According to the research, it will
be a good idea to stay out of the market and to
wait for the market to give a low price near a
known level of U-turn either at the bottom of
the channel or above the the channel. There is
an up Fibonacci extension above the live market
price point 2588.1 about +2,531 ticks away. As
of now, I am out of the market wishing to be
in.
The market is at a high price hitting the top
of the channel. According to the research, it will
be a good idea to stay out of the market and to
wait for the market to give a low price near a
known level of U-turn either at the bottom of
the channel or above the the channel. There is
an up Fibonacci extension above the live market
price point 2588.1 about +2,531 ticks away. As
of now, I am out of the market wishing to be
in.
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