And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
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.
Relative to other instruments in the equity indices asset class, russell 2000 ranked 11th since the previous day in terms of percentage price change.
Of note is that the 20 hour changed directions on rty; it is now pointing down.
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.
Relative to other instruments in the equity indices asset class, russell 2000 ranked 12th since yesterday in terms of percentage price change.
This is a reversal of the price action on the previous hour, in which price moved up.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Price action traders may also wish to note that we see a doji candlestick pattern on rty.
Russell 2000 outperformed all 14 assets in the equity indices asset class since the day prior.