bagholdyeet

IWM Broadening wedge backtest

AMEX:IWM   iShares Russell 2000 ETF
Curious to see if IWM fails this level. It has broken bottom of wedge, and now failed a back test of that bottom of wedge on the daily. 139-138 area of support may come into pay and price action may continue in a bullish pattern. trendline from the daily extended may also be an area of support (circled)

good inflection point to watch with broader market moves. TSLA selling off made all of the indexes sell quite hard, may see more volatility with COVID re-shutdowns and record daily cases/deaths as well.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.