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nick.holland78
Aug 18, 2016 4:22 PM

IWM - 1hr 

iShares Russell 2000 ETFArca

Description

Up against resistance. Break through it and price could melt up similar to the white alt count. A deeper reset would indicate the green path. I'd prefer an opportunity to buy the green count but will follow price clues. Note also negative divergence on MACD which could offer a retrace. Strong breakout on volume will have MACD much higher and momentum indicators becoming embedded - signatures of a 3rd wave.
Comments
BizkitBR
Thanks ....
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