Image Source: Pexels
Below is the IWM on a daily basis. I have marked three levels of interest:
- Circle: this is the level which would constitute a “down and out” escape from the bullish pattern (which, if it does so, is a dead bullish pattern)
- Yellow Tint: a relatively easy target
- Magenta Tint: A much more aggressive, less likely target (but maybe!)
(Click on image to enlarge)
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