adding to this last post about IWM: https://bartscharts.com/2019/03/02/iwm/
I’m teaching my son about “advanced” Pattern Recognition … it’s fun and the big thing we keep hammering into each other is trade what you SEE not what you think/believe. (thanks Larry P)
well, here is IWM.
what do I see:
- a VALID wave count that breaks no rules. I feel comfortable in saying that we are in a 5th wave …
- AB=CD or Wave 3 = Wave 5 at 234.
- 1.732 extension (daily)
- fundamental frequency from the first impulse low of October 2002 – July 2007
- Square of 9 targets
- geometrical projection technique
Folks, a LOT of thrust into this level, so .. playing it safe here and WAITING for a signal reversal candle weekly close below 206.
A LOT OF MATH HAS BEEN HIT ON IWM …
it’s only probability and only a pattern … if it holds, ramifications are BIG.