timwest
Short

Russell 2000 IWM Daily Time at Price DOWNTREND analsis

AMEX:IWM   ISHARES RUSSELL 2000 ETF
241 2 4
118.6 stop

9 Day Downtrend in place after 9-days at 118.6

Tuesday was day 1.

Price objective 114.5

Risk 118.6

Last 116.62

Tim 10:26AM EST 3/26/2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
TARGET REACHED TODAY - very quickly
Reply
My script doesn't run for all to see the purple and orange bars. Therefore, the bars appear to be different colors here than what I have on my screen. I might add a chart to show the inside/outside bars to show how much "CHOPPY INACTION" there has been at these levels for the past month.

Choppy inaction just means the market is waiting for news. But often if there is no news, the market goes to where the last news was. I'll have to work on how to describe that. But perhaps just to the next larger time frame, perhaps the 66-day moving average of price, for example.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out