IWM Weekend Update

• First 3 charts show strong possibilities of reversal in favor of bears. Bulls can be saved if price decides to breakout above 50 Week SMA, Golden Ratio and Previous support level which might act as resistance again.
• Breakdown level will be 74.66 which is shown in the last chart. Sustaining above 74.66 Bulls can make an attempt to move up. Bearish candles which closes below 74.66 may lead to bigger corrections. Bulls need to close days above 50 Week SMA level which is around 75.90.