Looks like a cup and handle pattern formed with a retest of the neck line.
A break above $215.53 would confirm bullish momentum back in. A break and hold below the neckline would invalidate the pattern.
Happy hunting!
A break above $215.53 would confirm bullish momentum back in. A break and hold below the neckline would invalidate the pattern.
Happy hunting!
Trade active
Update on this trade. the neckline was tested twice and bounced perfectly twice. If you entered on the neckline or the bounce off the neckline you are still doing well. IWM has retested $218 and is currently moving higher. Congrats to all who jumped on this trade!
Trade closed: target reached
Target reached and exceeded. Fantastic trade! Congrats again to everyone.
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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.