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May 12th, 2020: IWM 60-min Chart Update

Posted by pugsma on May 12, 2020

For the IMW primary (green) wave count minor B of major [2] completed at 132.95, just above the (c)=(a) target of 132.67.  The minor C wave down should reach at least the 50% Fib target at 116.28 to complete major [2].  A break below 122.25 is needed to confirm the primary (green) wave count.

The alternate (blue) wave count remains valid above the 122.25 level for a new high above 136.65 to complete major [1]-P1-C3.

IWM 60-min chart:

IWM Technical Analysis

13 Responses to “May 12th, 2020: IWM 60-min Chart Update”

  1. kaneoahu said

    Does price action today confirm primary green count? Is there a new alternate count?

  2. rat8nine said

    iwm 15 – interesting area here where the measured move meets the .886 rt at the median line

  3. kaneoahu said

    With today’s intraday low of 117.18 is the IWM count now major 2?

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