AMEX:RWM PROSHARES SHORT RUSSELL2000
The above is a 15 minute time interval. What you do not see is the trend was faster on a 5, 3, and 1 minute chart. On the shorter time duration charts the were moving up. If the IWM is going to fall, a good way to "play" this move is RWM. In follow-up One I showed that the IWM trend is down, so I bought RWM. I will try my best to explain the above Alligator trade, and how the combination trade works. The is rising ( ), the Ki jun-Sen and Conversion Lines are rising, and above the cloud ( ), the three indicators ( , Vortex, Awesome Indicator) are all . The dotted black circles are the alligator's teeth, and the lips and jaws opened as the trade day began 04-05-2016. The fractals were positive. A new uptrend began. Based on Fibonacci analysis, the target for RWM is $74 to $76. I hope you enjoyed this presentation. Yours for better trading, Don.