Russell 2000 IWM hitting strong resistance
This is a simple analysis of the Russell 2000 (IWM).
Today IWM filled the gap from the March 11th drop and bounced off resistance perfectly. Until Russell is able to overcome this resistance and use it as support, assume it will drop from here.
If I had to guess a direction, I think the odds of it going down are better than it going up, but I'm not a fortune teller. I only look for areas of opportunity where risk:reward is in my favor.
Today IWM filled the gap from the March 11th drop and bounced off resistance perfectly. Until Russell is able to overcome this resistance and use it as support, assume it will drop from here.
If I had to guess a direction, I think the odds of it going down are better than it going up, but I'm not a fortune teller. I only look for areas of opportunity where risk:reward is in my favor.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。