Russel 2000 Setting Up For A Possible Bearish Head And Shoulders
If the price breaks below the neckline with increased volume, it could confirm the head and shoulders pattern, leading to further declines.
The chart suggests a bearish outlook for the US Russell 2000 index. Traders should watch for a break below the neckline support with high volume to confirm the pattern. If large tech companies begin to correct, it could indirectly trigger a broader market decline, reinforcing the bearish head and shoulders setup.
The chart suggests a bearish outlook for the US Russell 2000 index. Traders should watch for a break below the neckline support with high volume to confirm the pattern. If large tech companies begin to correct, it could indirectly trigger a broader market decline, reinforcing the bearish head and shoulders setup.
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