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...
When Price consolidate near 1.618 fibo level and breakout the upper boundary then high chance the price may hit target .
IWM be careful here we are right at resistance a pull back at the open is very likely but if we push right thrugh it it will be extremely bullish imo