January 3, 2018

IWM Month Staying on the Wrong side

  • One of the readers sent me a query on the Rising wedge of IWM in the month time frame.
  • Although it has been 3 Months outside the pattern this can still become a False breakout. Bears doesn't want to see new high's though. False breakout on this time frame can only be confirmed on price breaking below 143 levels.

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