$IWM | Russell 2000 – Intraday Structure Map

🟢 IWM | Russell 2000 – Intraday Structure Map
📊 Setup

Price respected the discount zone and reclaimed equilibrium.

Current rejection at premium zone (243.5) → marking liquidity grab / weak high.

RSI cooling off from 60+ levels, suggesting consolidation before next leg.

🧩 Market Structure

Multiple CHOCH & BOS signals confirm active rotation.

Higher-timeframe bias supports a possible impulse extension.

Watching wave (3) → (5) projection toward 245.0–247.2 zone.

🎯 Scenarios

Bullish Case (Primary):

Hold >242.0 → reclaim 243.5 → push to 245.0, extension 247.2.

Bearish Case (Alternate):

Fail to hold 242.0 → revisit equilibrium/demand around 239.4.

📌 Summary

IWM is building an intraday impulse wave count. Holding above 242.0 keeps the bull case intact with 245–247 in sight. Break below 241.8 flips bias back to demand re-test.