letslearn

IWM time to look up

Long
AMEX:IWM   iShares Russell 2000 ETF
IWM from 244 to 187. That's a fall.

Ok let's see how fib levels are set up at the moment, 209 is monthly fib resistance, I like abc pattern, so let's consider the low is in place and next stop loss is 195 and take profit is monthly fib 209. Once that's confirmed the next target is 50% to 61.8% that gives us 200-222. Once we are there, we will see how it goes. Please do your analysis as well and if your opinion does not match mine then good luck to you.

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