|Mini-Russell Anchor Chart|
The Mini-Russell anchor chart shows us a sideways with a slightly bearish market sentiment this morning. We will be looking for new lower-lows and lower-highs on the anchor chart to give us a strong trend lower and give us more confidence in a short-selling entry pattern.
If we see that the price-action does NOT want to move lower, we then will trade this as a sideways-trading-range looking to buy-the-lows at support and sell-the-high at resistance.
|Mini russell Set Up Chart|
The set-up chart of the Mini-Russell also says to sell short this morning and we want to sell the resistance levels from our trigger-zone on the way to new lower-lows.