Russell 2000: The uptrend will start soon

Anton Kolhanov Anton Kolhanov

Weekly forecast (October 3 – 7, 2022)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1778,70, which will be followed by moving up to resistance level 1861.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1778,70, which will be followed by reaching support level 1640,70.\

Previous week forecast

Monthly forecast, October 2022

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1778,7, which will be followed by moving up to resistance level 1919,6.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1778,7, which will be followed by reaching support level 1640 and if it keeps on moving down below that level, we may expect the market to reach support level 1520 and 1440,4.

Previous month forecast

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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