below the box we fall, in the box we range, above the box we reclaim the trend. am new to this style of trading. if you see something i dont, feel free to let me know.
IWM looks to be reaching the UTAD stage of a Wyckoff Re-distribution schematic. Lowering volume in the lead up to UTAD provides confluence to the idea. Expecting price to return to linear regression trend line around 120. Price could extend further, but I expect we are nearing the top of this rally and a sharp correction in 2024. Take profit level of 120...
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AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase...
- Very notable drop in the last 3 days for all sectors. Most important factor to remember is always following the trend and dont try to fight against it. Even though today there was a lot of opportunity in both direction it was quite a choppy day. - I mentioned yesterday any pop bullish on premarket data will be a good short for all sectors and i will be getting...
Order SELL IWM ARCA Stop 169.22 LMT 169.22 will be automatically canceled at 20230401 01:00:00 EST IWM daily evening star reversal that's maybe it for wave 2 wave C correction of uptrend
Order SELL IWM ARCA Stop 172.40 LMT 172.40 will be automatically canceled at 20230401 01:00:00 EST IWM bearish hammer at 50% Fib retracement with RSI divergence wave 5 of downtrend buckle up!
Order SELL IWM ARCA Stop 164.04 LMT 164.04 will be automatically canceled at 20230401 01:00:00 EST IWM weekly bearish hammer wave 5 downtrend take profit at 168% fibonacci extension of wave 4 downtrend, stop loss above the hammer.
IWM daily indecision pressure building for wave 5 of wave 3 downtrend. Sell 12 Stop 163.02 LMT 163.02 GTC Buy 12 Limit 151.83 GTC Buy 12 Stop 171.15 GTC
Setting up short after bearish gap and go in hope for retest of the candle, not the gap. Wave 5 down. I mean, look at this volume. I hope this is not an exhausting yet )))
IWM daily gap and go that didn't go. strong selling. I think we are going lower.
Goals 0.56, 0.49. Invalidation at 0.89. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
Question is do we have an overthrow at play? If yes the IWM needs to get back into my channel and not reject here off the bottom channel TL. A rejection would almost certainly equal $138 and invalidate the 5 wave intermediate structure.
The set up from LT support off the bottom channel has Nuked (of course) and I say that b c this year is the year where everything looks like a perfect set up that just nukes. (except oil trades) At this point IWM can still be an over throw, if small caps are pricing in all this inflation & War in Ukraine & recession talk. If the chart is to follow NQ then we have...
The #IWM has traded in a wonderful way. Watch how the #Medianlines , the whole #Pitchfork provided support, resistance and - if you know the rules, how they could be applied to make some $s. However, we arrived on the P5, which is potentially morphing to P0 for the next move to the upside. Alltough I personally don't believe it because of this market...
Given the nice turn at the Center Line, we have a new target for the IWM: L-MLH...at least IMO. The yellow pitchfork is here to see, if the ongoing flow, the direction will change, and if the momentum is increasing or not. If not, price will trade outside the U-MLH. Otherwise we will see a fast and hard drop.