$IWM Weekly Chart Bear Flag

If this pattern fails, best moves come from failed moves. The technical analysis for IWM (Russell 2000 ETF) on the weekly chart indicates the formation of a bear flag pattern. In technical analysis, a bear flag pattern typically appears as a downward-sloping channel or rectangle on a price chart. It forms after a significant downward price movement, followed by a period of consolidation characterized by lower highs and lower lows. This pattern suggests that the downward trend may continue, with the potential for further price declines. Traders often interpret a bear flag as a signal to sell or short the asset in anticipation of further downside movement.