As you can see from the chart above we have peaked above the blue line. This is the import of that move. We have the 2011 setup, and the indicators match. For the bearish scenario, we want to see IWM follow that 2011 fractal and break back down this week or next week below its Weekly cloud baseline at 113.93. If IWM instead holds that baseline, we know we are in a bullish move and the stop is right here below us (from a weekly perspective).
I am posting the level because it is instructive, not for any other reason. I am following the bearish scenario for the reasons I have outlined, but this is a nice level to read that it is either right or wrong.
There is always a bear path and a bull path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions.
I hope your summer is treating you well. Posting will continue to be sporadic.
Peace, Om,
SoulJester
Business Magazine
Today we hit the ideal time window, but have not hit the ideal price. This could be all, or we may still have a smidge to go on price. Ideal Time and Price. IWM continues to give us the levels and the playbook as it has since the March 4, Top Call Accurate within .36 IWM Points.
Currently IWM is sporting a potential breakout pattern. Here is the chart:
As you can see from the chart above we have peaked above the blue line. This is the import of that move. We have the 2011 setup, and the indicators match. For the bearish scenario, we want to see IWM follow that 2011 fractal and break back down this week or next week below its Weekly cloud baseline at 113.93. If IWM instead holds that baseline, we know we are in a bullish move and the stop is right here below us (from a weekly perspective).
I am posting the level because it is instructive, not for any other reason. I am following the bearish scenario for the reasons I have outlined, but this is a nice level to read that it is either right or wrong.
There is always a bear path and a bull path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions.
I hope your summer is treating you well. Posting will continue to be sporadic.
Peace, Om,
SoulJester
As you can see from the chart above we have peaked above the blue line. This is the import of that move. We have the 2011 setup, and the indicators match. For the bearish scenario, we want to see IWM follow that 2011 fractal and break back down this week or next week below its Weekly cloud baseline at 113.93. If IWM instead holds that baseline, we know we are in a bullish move and the stop is right here below us (from a weekly perspective).
I am posting the level because it is instructive, not for any other reason. I am following the bearish scenario for the reasons I have outlined, but this is a nice level to read that it is either right or wrong.
There is always a bear path and a bull path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions.
I hope your summer is treating you well. Posting will continue to be sporadic.
Peace, Om,
SoulJester
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