July 27, 2021 12:19 GMT
Over the past 89 days, the trend for E-Mini Russell 2000’s price has been choppy and unclear. It has oscillated between $2130.6802 and $2343.758.
Over the past 133 days, the trend for E-Mini Russell 2000’s price has been choppy and unclear. It has oscillated between $2130.6802 and $2360.1677.
Over the past 16 months, E-Mini Russell 2000’s price has gone up $987.82.
E-Mini Russell 2000 has a price of $2216.9207, down 4.05% from its value 26 days prior.
Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Those trading within the equity indices asset class should know that russell 2000 was the worst performer in the class today.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
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.
Price action traders may also wish to note that we see a pin bar candlestick pattern on e-mini russell 2000.
Price action traders may also wish to note that we see a doji candlestick pattern on e-mini russell 2000.
This is a reversal of the price action on the previous hour, in which price moved up.
This move is a reversal from the hour prior, which saw price move up.