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Good morning, Traders! The long-term and short-term directions for the Russell 2000 (RTY) are up as the market pushes toward 2588.1. That's a +4,700 tick opportunity!
The RTY is breaking through the counter trendline in the daily timeframe and heading into positive territory.
Remember that we use counter trendlines to help us determine how to execute our entry strategy. To learn more on how to do that properly, take a few minutes to check out my free resources on the subject here.
We'll look at the daily and one-hour timeframes for the RTY to see our buying opportunities and what the market will likely do in the coming day. Let's jump in! The RTY has broken through our counter trendline (short diagonal grey line) and is heading into the buy zone. The market is making higher highs and higher lows. That means the overall direction is up, and we can expect opportunities to buy into the RTY on its way up. The long-term direction is up for the RTY
The short-term direction of the market is up for the RTY
The RTY has U-turned off support and is heading toward higher prices
If this trend continues, we should see a +4,700 tick movement toward 2588.1. What does that mean? It means we have a chance to make money in the RTY! But before you jump in, you need to read more about predicting future price movement. You can do that right here.
In the one-hour RTY timeframe, it's clear that the market has pushed past the counter trendline and is heading into new positive territory! This information aligns with what we're seeing in the daily timeframe, meaning the RTY is set to make some serious gains as the price continues to push bullish. Our latest U-turn was clear (dark green arrow at bottom) and reflected the historical U-turn points in the RTY daily timeframe chart. That gives us confidence in the current trend as it unfolds.
And to get more information about how to correctly spot market trends, check out this free resource I created! The RTY is looking up in both the long-term and short-term directions. We can expect higher highs and higher lows as the price pushes bullish past our counter trendlines. But remember that we buy at low prices within the buy zone and wait for the market to hit a new high before we talk about when to sell. That's why our timeframe charts are so important! It's now time for you to stop making excuses and start working on becoming a winning futures trader! Follow along as I reveal the crucial aspects of my trading strategy that will allow you to become a profitable futures trader! Keep On Trading, Motion creates emotion - and helps you manage it! There's a direct relationship between vigorous exercise, and stress management. How many times have you found yourself sitting… staring at your screen… instantly realizing that you've been sitting there for hours? Riding out that position? Fretting over an exit or even a loss? Get up! Move around! Go for a walk. Motion creates focus. Focus creates positive energy and clarity! Better yet, add an exercise element to your trading routine! Your health and your account will thank you!
Stay tuned for my next edition of Josh's Daily Direction.
And if you know someone who'd love to make this a part of their morning routine, send them over to https://joshsdailydirection.com/ to get signed up!
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Senin, 26 Juli 2021
July 26 | A bullish push for this futures market?
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