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TheStockMan
Mar 11, 2021 3:55 PM

Textbook Descending Broadening Wedge Long

iShares Russell 2000 ETFArca

Description

You can't find a cleaner descending broadening wedge pattern than this! The same top trendline resistance has been broken on all other major indices, but the IWM has looked the cleanest.

I have some long positions for $237 by March 31, but we could see this go up to $250 pretty soon.

But also be careful, it might want to come back down to test the ATH as support.

This is not financial advice. Understand your own risks.
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