Russell 2000 E-Mini Futures: Volatility Creates Fib Swing Trade Setups $TF_F

Below is a textbook example of a swing trade on the e-Mini Russell 2000 Futures (TF). And the recent volatility helped to create some big opportunities with my Fibonacci method.

Let’s go back to last Wednesday. The target/support price area was 1185.6. Price dropped 4 ticks under that level and then proceeded to reverse higher and move all the way up to the 2nd resistance of 1224.4; a move of +38.8 points on the Russell 2000 futures (or $3,880 per contract).

An entry on the short side at 1224.4 would have given you a few ticks of heat before moving back to the target of 1185.6 once again or another +38.8 point move. The entire move was worth $7,760.oo per contract. Although you likely wouldn’t have captured 100 percent of the move (depending on your discipline), you definitely would have made some money with this method.

This entire move took 7 trading sessions; this is where your patience and discipline gets tested. Trade safe and good luck out there.

Daily chart – e-Mini Russell 2000

Russell  2000- e-Mini

Russell 2000- e-Mini

 

Thanks for reading !

dave

This post originally appeared on See It Market

 

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