IWM is showing signs of short-term exhaustion after rejecting near $198. A break of the rising trendline suggests a pullback is in play. The $187.99 level is key support – a bounce here could trigger the next leg up toward $200.68.
🧠 Trade Idea: Monitor price action near $188 for long entries targeting $200. Stop below $186.
⚠️ Bearish confirmation only if we lose $187 decisively.
🔍 Probability Setup:
🔸 Bullish Bounce → 65%
🔸 Direct Breakout → 15%
🔸 Breakdown → 20%
📅 May 1, 2025
#IWM #Russell2000 #TradingView #TechnicalAnalysis #ETF
🧠 Trade Idea: Monitor price action near $188 for long entries targeting $200. Stop below $186.
⚠️ Bearish confirmation only if we lose $187 decisively.
🔍 Probability Setup:
🔸 Bullish Bounce → 65%
🔸 Direct Breakout → 15%
🔸 Breakdown → 20%
📅 May 1, 2025
#IWM #Russell2000 #TradingView #TechnicalAnalysis #ETF
Note
Let's see what the WaverVanir DSS says :) Note
Note
Futures completed 0.382 to 1.382 confluence. I have puts from yesterday, not looking so good. My win rate is currently 75%, (7/10 trades are profitable)I trust my model vs after hours price. Maybe we will see a news tomorrow? If not, I will take the loss. Sigh!
Trade closed manually
Contracts went to 0. It was either the dip-bounce-up or just up, No one can play this safe unless you are a seer :D
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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.