SamSuka
The Long Investor
The Long Investor

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$IWM

Tested the 0.5 Fib again today at our Wave 4 level, we can see that the 200 Day MA is just slightly below and above the 0.618 Fib so a test of this MA cannot be ruled out, for me I don't see a breakdown of structure yet and this has moved as expected.

If the $IWM losts its 200 Day MA and rejected below this level then I would be concerned for the structure but right now I am not

As always, give the price action every chance to work and fight to hold levels

Trends do not change over one session.

$IWM

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