IWM – is that it?

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:

  1. a VALID wave count that breaks no rules. I feel comfortable in saying that we are in a 5th wave …
  2. AB=CD or Wave 3 = Wave 5 at 234.
  3. 1.732 extension (daily)
  4. fundamental frequency from the first impulse low of October 2002 – July 2007
  5. Square of 9 targets
  6. 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.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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