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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

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