last post about IWM: https://bartscharts.com/2021/02/21/iwm-is-that-it/
that’s the great thing about patterns … they work or they don’t.
WHEN they do, they tell you something.
conversely, when they DO NOT work, they tell you something.
I’ve been showing a 5 wave count in IWM for a while and, just recently, it went up and tagged our target zone. it’s one of many target zones …
the question is “is this the one?”
I don’t know … but we have an intraday BUY PATTERN and if this is a bullish corrective move then this level SHOULD hold … yes, a correction can go into the 210’s but in this case we have the classic AB=CD, 1.4142 extension and the .382 retracement all right here, right now.
IF bullish, THEN this level holds and goes higher …. we’ll see