IWM (Russell 2000 ETF) Update
Price rejected from the 226–227 zone (Fib 0.786) and failed to reclaim the breakout structure. Currently consolidating below resistance, which opens room for a possible leg lower.
🔹 Key resistance: 225.7 – 226.0
🔹 Target support: 219.0 zone
🔹 Bias: Short-term bearish unless buyers reclaim above 226
Watching if price accelerates into the 219 demand zone for a potential reaction. Risk management is key in this environment.
Price rejected from the 226–227 zone (Fib 0.786) and failed to reclaim the breakout structure. Currently consolidating below resistance, which opens room for a possible leg lower.
🔹 Key resistance: 225.7 – 226.0
🔹 Target support: 219.0 zone
🔹 Bias: Short-term bearish unless buyers reclaim above 226
Watching if price accelerates into the 219 demand zone for a potential reaction. Risk management is key in this environment.
WaverVanir ⚡ To grow and conquer
stocktwits.com/WaverVanir | wavervanir.com | buymeacoffee.com/wavervanir
Not Investment Advice
stocktwits.com/WaverVanir | wavervanir.com | buymeacoffee.com/wavervanir
Not Investment Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
WaverVanir ⚡ To grow and conquer
stocktwits.com/WaverVanir | wavervanir.com | buymeacoffee.com/wavervanir
Not Investment Advice
stocktwits.com/WaverVanir | wavervanir.com | buymeacoffee.com/wavervanir
Not Investment Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.