Will Russell 2000 rises towards the 1746,3 level?

Anton Kolhanov Anton Kolhanov

Weekly forecast (December 5 – 10, 2022)

Uptrend scenario

The uptrend may be expected to continue in case the market rises above resistance level 1923,8, which will be followed by reaching resistance level 1973,7.

Downtrend scenario

An downtrend will start or from resistance 1923, or as soon, as the market drops below support level 1820,6, which will be followed by moving down to support level 1746,3.

Monthly forecast, December 2022

Uptrend scenario

The uptrend may be expected to continue in case the market rises above resistance level 1923,8, which will be followed by reaching resistance level 2033.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1820, which will be followed by moving down to support level 1746,3 and if it keeps on moving down below that level, we may expect the market to reach support level 1640,7.

Author

Anton Kolhanov

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

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