Strong impulsive rally off this week's lows could be setting up a 3rd wave higher late this year. IF a retrace holds support above the 61.8% retrace of this week's rally, THEN takes out the top wherever this melt-up finally stops, I'll be looking for minute wave iii of minor wave 3 as shown. Otherwise, a deeper wave 2 (in green) is possible. Below 103 wave 2 is still possible, but I'll examine other possibilities which appear remote at this time.
See smaller time frames for internal wave structures.
See smaller time frames for internal wave structures.
Idea Berkaitan
IWM - 30m
nick.holland78
about IWM