Interesting spot here near 200.00
Honesty it's the most oversold Stock/Index on my watchlist.
Actually price has been trading inside this channel here
After finishing up a H&S pattern
Over the next 2weeks I think we can see a move back to 214 channel top and H&S neckline
I don't think that move will be straight V shape either, maybe a pop to 206 or 207 gap close then a pullback ; if that pullback at holds 199 support then we could see 214, if we break below 198 then the move up is done and we keep sliding
The bigger picture is this, IWM is headed back to trendline support of 15yr channel around 175-180
Honesty it's the most oversold Stock/Index on my watchlist.
Actually price has been trading inside this channel here
After finishing up a H&S pattern
Over the next 2weeks I think we can see a move back to 214 channel top and H&S neckline
I don't think that move will be straight V shape either, maybe a pop to 206 or 207 gap close then a pullback ; if that pullback at holds 199 support then we could see 214, if we break below 198 then the move up is done and we keep sliding
The bigger picture is this, IWM is headed back to trendline support of 15yr channel around 175-180
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.