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!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade geschlossen: Ziel wurde erreicht
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.