Bearish rising wedge forming/RUSSELL small cap USD2000USD
Updated
A bearish rising wedge is forming for RUSSELL small cap index US2000USD as falling dollar pushed Thomson Reuters commoditiy index TRJEFFCRB rising to 11 month high. Smart money should unwind stock possitions from their porfolio firstly small cap one. Breaking down this wedge would confirms the short-term correction of stocks market.
Trading strategies:
Go short US2000USD for target 1570, stop loss at 1610
Trading strategies:
Go short US2000USD for target 1570, stop loss at 1610
Trade active
Time to scale in when momentum increase, target at 1560, stop loss at 1590.4Trade closed manually
Close all positions at 1591 when scale in position hit stop loss at 1590.4
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