goodguy

Weekly IWM log: Are the candles trying to light our way?

Short
AMEX:IWM   iShares Russell 2000 ETF
Last week we had a great example of a bearish harami candle formation on the weekly chart. A few weeks previously we a weekly bearish engulfment.. The intermediate tend line is broken from last October. Still the long term up trend line is intact but I think there is a good chance we will be at least testing that line, esp if we finish the week with an another bearish engulfment formation. We'll see. Have a good week. Goodguy.
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.