jangseohee

Huge ping-pong match in DMZ

AMEX:IWM   ISHARES RUSSELL 2000 ETF
70 3 1
Using an arithmetic scale on the ETF for Russell 2000, the price is currently sitting on a flat 20 period MA on MONTHLY chart.

1. If level 106 fails to hold, price would most probably search for next support of around 100 and subsequently he price will be ping-pong around this demilitarized zone to square it out to determine the ultimate winner to take control of future direction

Or.

2. There will be a false broke up below 106 and creating a shadow only to be pushed back above 106
Check this out ---- using the way I draw channels -----
snapshot
+1 Reply
jangseohee timwest
Another learning today, millions thank you teacher,
so it is highest from the bottom connecting lowest from the top!
Reply
jangseohee timwest
Yes, definitely give me another perspective of approaching things
Reply
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