If this pattern fails, best moves come from failed moves. The technical analysis for 
IWM (Russell 2000 ETF) on the weekly chart indicates the formation of a bear flag pattern. In technical analysis, a bear flag pattern typically appears as a downward-sloping channel or rectangle on a price chart. It forms after a significant downward price movement, followed by a period of consolidation characterized by lower highs and lower lows. This pattern suggests that the downward trend may continue, with the potential for further price declines. Traders often interpret a bear flag as a signal to sell or short the asset in anticipation of further downside movement.
IWM (Russell 2000 ETF) on the weekly chart indicates the formation of a bear flag pattern. In technical analysis, a bear flag pattern typically appears as a downward-sloping channel or rectangle on a price chart. It forms after a significant downward price movement, followed by a period of consolidation characterized by lower highs and lower lows. This pattern suggests that the downward trend may continue, with the potential for further price declines. Traders often interpret a bear flag as a signal to sell or short the asset in anticipation of further downside movement.
Penafian
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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.