RiderTrader

IWM . Wave 5 in progess

Long
AMEX:IWM   iShares Russell 2000 ETF
Broken out.

Good Setup.
Wave 4 retraced to .382 fibo levels.
Also 5 wave in larger wave 3 done.
So wave 5 intact and in progress.
Need a break out of box first 153.
And then close open above 153.168 to 170 possible.
But i did not buy as i am waiting for volume to cross the average.
so may be tomorrow i may put a buy if volume is above average.
Maybe around 160-161 levels.

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