Russell MidCap
, 4 hours
short
#Technical
#Bearish
| Resistance 1 | 2063.7920 |
|---|---|
| Quote Price | 2003.1744 |
| Support 1 | 1925.0 |
| Support 2 | 1825.0 |
On the 4 hour chart, we can see that if we were to get a bounce from the support, the sellers will have a good risk to reward setup around the downward trendline where they will also find the red 21 moving average for confluence. The buyers, on the other hand, will want to see the price breaking higher to invalidate the bearish setup and increase the bullish bets into new highs.
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