Alligator's mouth is closed on IWM. Last fractal to the upside is at 226. If triggered we would go long right above 226 and scale the position entry with reverse pyramiding (1-5-4-2-3).
Recently IWM failed to break to the downside. It triggered the last down fractal at 218.83 but closed above the balance line, rendering that signal invalid.
Recently IWM failed to break to the downside. It triggered the last down fractal at 218.83 but closed above the balance line, rendering that signal invalid.
Transaction en cours:
Trade opened on Apr 23 (high of the day 226.65). Next step is to wait and see if it prints a bullish signal and which one. Stop loss is the Balance Line, which as of today is 222.02. Price needs to close below that line, and not only touch it.
Trade fermée: ordre d’arrêt atteint:
IWM did not start a trend which is a principle of a Fractal breakout on an Alligator. It crossed the Balance Line on 223.54 today, closing at 223.29, for a small loss of -1.19%