This count is still valid and if the indexes rally this week we could see it. IWM is currently sitting right above the 50 & 200 day MA as well as the last pivot AVWAP. If those hold as support then IWM will look to test the upper trendline ~230-232. If this does occur I think that IWM could get rejected at those levels and then be sent down to retest the lower trendline - putting in wave E which is wave IV bottom. From there IWM will go to ATH's on the next leg up.
Although this count is still valid I do not think it is the most likely scenario given current market conditions. Look for a couple more IWM postings (they likely will be posted as private but accessible from my twitter feed)
Although this count is still valid I do not think it is the most likely scenario given current market conditions. Look for a couple more IWM postings (they likely will be posted as private but accessible from my twitter feed)
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.