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Will RTY Daily Resistance Hold?


Will RTY Daily Resistance Hold? by JoshuaMartinez on TradingView.com

The RTY daily time frame is in a down trend. The
market is hitting the down trend line . At the same
time the market is hitting an up Fibonacci
extension price point 1890.50. Usually when this
happens. The market has a bearish reaction. If the
market continues to push bullish and breaks the
down trend line . It will be a strong sign the buyers
are taking control. If the market cannot break and
close above the down trend line . It is expected
the sellers are taking control and will push the
market back down.

As long as the market stays below the daily
down trend line . It will be a good idea to turn
to the one hour time frame and to look for
high prices in the sell zone.