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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