Interesting spot here ...
Bulls see Inverted H&S
Bears see , rising wedge
I see an inflection point.
We are sitting at the bottom of a wedge.. depending on what happens the next 2 days
We either test 204 or 217
Below 208.00 and iwm goes straight to 204.00
Above 212.00 and 217 comes ...
209 is daily 200ema
216 is daily 200sma and weekly 50ma
So 209-216 is chop....
Bulls see Inverted H&S
Bears see , rising wedge
I see an inflection point.
We are sitting at the bottom of a wedge.. depending on what happens the next 2 days
We either test 204 or 217
Below 208.00 and iwm goes straight to 204.00
Above 212.00 and 217 comes ...
209 is daily 200ema
216 is daily 200sma and weekly 50ma
So 209-216 is chop....
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.