IWM is in the final phase of a wyckoff distribution cycle.
Its pretty obvious to where this is heading, and where we get our bounce. ( green trend line )
but before we get there, i see a quick little drop to the high 180s (186 to 188) then a little run to retest that downward resistance and then that is when we will get our bounce on the green trend line.
which also lines up to where a distribution cycle would end... ( where the last accumulation ended)
plus its time they remove the covid band-aid
price target 160 to 170... but end of March.
Good luck.
Its pretty obvious to where this is heading, and where we get our bounce. ( green trend line )
but before we get there, i see a quick little drop to the high 180s (186 to 188) then a little run to retest that downward resistance and then that is when we will get our bounce on the green trend line.
which also lines up to where a distribution cycle would end... ( where the last accumulation ended)
plus its time they remove the covid band-aid
price target 160 to 170... but end of March.
Good luck.