It’s finally happened, traders… and it only took four days in the new year to come about…
Our first trade idea for 2021.
We’re the type of traders who like to trade a pattern until it breaks. And with the trend we’re seeing now, we’ll be in this trade as long as it continues to hold strong.
The E-mini Russell 2000 is currently trading within an upward trending channel and just recently touched previous support lines at the top of the channel.
However, there are a couple financial bets we could take depending on if you want to buy into the trade now (anticipating a u-turn) or wait until a trend-line break and then trade the u-turn.