3/1 IWM Weekly Report
1. Neutral - in a correction trend
2. Resistance: 230
3. Support: 214, 206 and 197/200 (Strong)
4. Gap not filled: All Yellow Zones
5. IWM has already finished a 5 waves uptrend in the orange trend tunnel, currently it is a reasonable correction to me. It is currently in the middle of the correction zone, so both resistance and support can be a consolidation zone for IWM in the next week. However, The pink line is a very strong support at 197/200, I will be very bullish to buy the dip (eg. leap call/TNA) if IWM really came into that support area. For now, let’s wait for the MA to get a healthy cross first.
2. Resistance: 230
3. Support: 214, 206 and 197/200 (Strong)
4. Gap not filled: All Yellow Zones
5. IWM has already finished a 5 waves uptrend in the orange trend tunnel, currently it is a reasonable correction to me. It is currently in the middle of the correction zone, so both resistance and support can be a consolidation zone for IWM in the next week. However, The pink line is a very strong support at 197/200, I will be very bullish to buy the dip (eg. leap call/TNA) if IWM really came into that support area. For now, let’s wait for the MA to get a healthy cross first.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.