Russell Futures ( RTY1! ), H4 Potential for Bullish Continuation
Title: Russell Futures ( RTY1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2033.0
Pivot: 1909.8
Support: 1832.2
Preferred case: Looking at the H4 chart, my overall bias for RTY1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 1909.8, where the overlap support is before heading towards the resistance at 2033.0, where the previous swing high is.
Alternative scenario: Price could head back down to break the pivot at 1909.8, where the overlap support is, before heading towards the support at 1832.2, where the previous swing low and 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 2033.0
Pivot: 1909.8
Support: 1832.2
Preferred case: Looking at the H4 chart, my overall bias for RTY1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 1909.8, where the overlap support is before heading towards the resistance at 2033.0, where the previous swing high is.
Alternative scenario: Price could head back down to break the pivot at 1909.8, where the overlap support is, before heading towards the support at 1832.2, where the previous swing low and 38.2% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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