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E-MINI RUSSELL 2000 INDEX FUTURES ( RTY1! ), H4 Potential For Bullish Rise

42427 e mini russell 2000 index futures rty1 h4 potential for bullish rise

Type: Bullish RiseKey Levels:Resistance: 1795.1Pivot: 1700.5Support: 1659.8Preferred Case:On the H4, with price moving in an ascending trendline, we have a bullish bias that price will rise from the pivot at 1700.5 at the overlap support in line with the 61.8% fibonacci retracement to the resistance at the swing high at 1795.1 in line with the pullback resistance and 50% fibonacci retracement and 78.6% fibonacci projection .Alternative Scenario:Alternatively, price may break support structure at the pivot and drop to the support at 1659.8 in line with the 61.8% fibonacci projection .Fundamentals:No major news

Source: Tickmill

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