last post on IWM: https://bartscharts.com/2021/02/21/iwm-is-that-it/
I also blogged about KEY SUPPORT in/around 224-225. that was the FIRST PATTERN BUY in this long term uptrend. is that uptrend still alive?
if you go back to the last post mentioned above, you can see a very clear 5 wave move that, and this is important, BREAKS NO RULES of the Elliott Wave Theory. It’s a valid count …
now, is the count correct? we don’t know ….but we can find out rather soon as we have an almost perfect SELL PATTERN in/around the 225-227 level.
now for the IF and THEN
IF the top around 235 is a valid end to a 5th wave THEN this SELL PATTERN shown below SHOULD work.
a valid target will be 198-200 or below ….
have a GREAT EASTER to everyone if this is what you celebrate .. what an amazing time of the year and a time to be alive.
salute – Bart