Tr8dingN3rd

IWM - P5 arrived? If so, we bounce!

Long
Tr8dingN3rd Updated   
AMEX:IWM   iShares Russell 2000 ETF
The #IWM has traded in a wonderful way.

Watch how the #Medianlines , the whole #Pitchfork provided support, resistance and - if you know the rules, how they could be applied to make some $s.

However, we arrived on the P5, which is potentially morphing to P0 for the next move to the upside. Alltough I personally don't believe it because of this market environment, chances are high.

...can you hear the emotions nagging on me to un-follow the rules? §8-)

If we open next week below the L-MLH, we would trade further down to the WL (Warning Line).

As far as my trades are designed, I risk tiny and try to let them run by following the rules and Money-Managent.

#iwm #medianline
Comment:
Here's the daily.

Se how it is still within the Pitchofork?
A bounce is absolutely possible.

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