The Russell 2000 index is recovering this week's losses

2024年8月9日

The Russell 2000 index is recovering this week's losses

This week, the markets suffered a major crash, with many overextended waves.
This is clearly shown in the RTY chart where the price dropped by nearly 12.50% in just 3 days.

It wasn't clear why it happened, but as we can see RTY completed a large and bullish harmonic pattern with overextended legs.
As long as the market calmed down, it seems like the perfect time for a correction.

The Russell 2000 is expected to test 2145, and 2185 during the coming week.
The last target near 2265 will take time.

You may find more details in the chart!
Thank you and Good Luck!

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2024年8月16日

トレード終了: 利益確定目標に到達