Disclaimer - I don't own IWM ETF shares. This is not a trading or investment recommendation.
This is in continuation to my previous post on IWM Analysis, this chart shows the AB=1.618CD pattern of IWM.
All the best!
Disclaimer - I don't share of IWM ETF. This analysis is not a trading or investment recommendation & is only for educational purpose.
1.IWM has been in a lower high lower low structure after the false break out.
2.The long consolidation support area was broken indicating that the activity during consolidation was distribution.
3.IWM has paused its downtrend & has...