IWM - P5 arrived? If so, we bounce!

18 May 2022

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

18 May 2022

Not

Here's the daily.

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