IWM/RUT Wyckoff Distribution is BACK!?

22 Nis 2022

About 3-4 months ago, I mentioned that the Russell 2k was showing signs of distribution (huge consolidation before a downtrend). I outlined where big money was selling and where they flipped short. Since the breakdown, we have seen nearly 3 months of consolidation. One could argue that the consolidation was symmetrical with higher highs and higher lows. That, my friends, would be the makings of a BEAAAAR FLAAAAG. If this bear flag correctly plays out, the target to the downside would be about 170 which is former resistance AND a previous gap. Closing above the previous local high at 205 is probably a good stop out.

4 May 2022

İşlem aktif

2 Haz 2022

İşlem kapandı: hedefe ulaştı

170 target was tagged.