dionvuletich
Short

IWM Weekly pin bar at supply level with divergence

AMEX:IWM   ISHARES RUSSELL 2000 ETF
37 0 2
IWM             has an example of a pin bar at a supply level with two types of divergence

a) Standard bearish divergence from the April high to now - price = HH, indicator = LH
b) Hidden bearish divergence from the November 2015 high to now with stochastic higher than the previous high but a lower high in price confirmed yesterday with the pin bar

Am position short but will roll a June contract out...

Just my opinion...

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