claydoctor
Short

IWM heading down, but how far and which pattern

AMEX:IWM   ISHARES RUSSELL 2000 ETF
46 0 2
Off the first shoulder of this HS formation, we went down quickly, consolidated a bit, and then completed to the neckline. Off the head, we took our sweet time. The questions ...

do we hit the new long term trend bottom support, and bounce,
do we hit the horizontal support and bounce, or deflect and then back down again
do we hit the longer term support line and bounce
do we just continue either quickly or take our time to the neckline of the HS.
and do we bounce or just implode further to who knows where we stop, nobody knows.

Isn't trading fun? :)

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claydoctor
IWM close up
claydoctor about IWM 2 years ago
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