following Bill Williams rules from a weekly perspective
we do not have a full blown sell signal on the IWM. Price
needs to take out thte fractal area first. I have found if you
enter now too much whipsaw. Anytime price is below the
blue balance line price has a way of accelerating below
the jaw line. Let the trade come to you. On a weekly perspective
SPY, Q,s DIA, and IYT all are above the balance line and still bullish
IWM is where money managers reduce risk first, I am waiting to see if price takes out
this fractal level and then evaluate.
we do not have a full blown sell signal on the IWM. Price
needs to take out thte fractal area first. I have found if you
enter now too much whipsaw. Anytime price is below the
blue balance line price has a way of accelerating below
the jaw line. Let the trade come to you. On a weekly perspective
SPY, Q,s DIA, and IYT all are above the balance line and still bullish
IWM is where money managers reduce risk first, I am waiting to see if price takes out
this fractal level and then evaluate.
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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.