Russell 2000 hitting channel resistance plus bollinger bands

1 мар. 2021 г.

This is nearing the end of the bull run. The coinciding successive bollinger band breaches to the upside on the monthly right at long term channel resistance spells one major leg down coming up shortly.

1 мар. 2021 г.

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The more I look at it, the better the setup looks.

Check out this pitchfork. I have opted to only keep the 0.618 extension for clarity.

1 мар. 2021 г.

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The pitchfork 0.618 line coincides with the 1.618 fib extension.

1 мар. 2021 г.

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And here is the pitchfork with all fibs enabled.

1 мар. 2021 г.

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I don't know how crazy things can get. I've added all the fib extension levels now, in any case this pitchfork is the best thing to trade off of.