For additional context, note that price has gone up 8 out of the past 14 days.
For another vantage point, consider that russell 2000’s price has gone up 6 of the previous 10 trading days.
This move is a reversal from the hour prior, which saw price move up.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
This is a reversal of the price action on the previous hour, in which price moved up.
Given that we see downtrend on the 20, 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Out of the 14 instruments in the equity indices asset class, russell 2000 ended up ranking 11th for the day in terms of price change relative to yesterday.
Price action traders may also wish to note that we see a pin bar candlestick pattern on e-mini russell 2000.
Out of the 14 instruments in the equity indices asset class, russell 2000 ended up ranking 4th for the day in terms of price change relative to the previous day.
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down.