$IWM
Added 2024-07-23 04:09:15 +0000 UTC$IWM is being very well behaved here and I have added in the smaller subwaves for clarity.
The breakout through the ascending triangle was subwave 3 and the pull back since then has been subwave 4, as always we expect Subwave 4's to test their 0.38 Fib for support....in this case it is at $215, and that is where support was tested today exactly at $215.
It was a very quick test for Subwave 4 and may need a second retest to confirm this is a support level.
Big earnings report on Tuesday so this will likely play a part.
But a hold of support above $215 and this looks set to continue moving higher as shown, $245 before December looks good here.
Comments
Thank you
Steven
2024-07-23 11:03:05 +0000 UTC
