$IWM: Topping out at top end of channel

iShares Russell 2000 ETFArca

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⋅ Feb 2, 2024 3:10 AM

This is a follow-up from my AMEX:SPY and NASDAQ:QQQ note:-

-> Classic top out with MACD peaking at +2.5x standard deviation and accumulated volume topping out at +3.5x standard deviation.
-> Very likely witnessing a lower high forming at 0.618x fibonacci retracement.