rv
Long

Russell 2000 (IWM), Daily, potential Bounce. (4xbottom)

rv  
AMEX:IWM   ISHARES RUSSELL 2000 ETF
144 0 6
Russell 2000 ETF . IWM            
Quadruple bottom, 1.272 extension , some rejection. ( Russell 2000 Index             neckline = 1080 critical support )
closing into 1 year rectangular area.
Potential reaction, into 23.6% and congestion area previous lows, 38.2%. potentially into 61.8%, reflection wave(parallel lines).
Stochastics( RSI ) oversold, trending water, very slight bullish divergence . BB stretch.
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