IWM is approaching a level of support that sets up a low risk trade. I expect the ETF to find demand around $111.42- $111.45 where I defined my entry with a tight stop just below it. The target is $114 which gives me a Reward / Risk that is greater than 3:1
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IWM 60 min Chart
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IWM Daily Chart
About Stock Trade Journal
The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders.
This blog is also a way to share my experiences and observations in the market.
