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Bearish Fractal in Russell 2000


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#1 kssmibotm

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Posted 04 May 2016 - 12:42 PM

I see a very clear 10-point fractal tracing out in the daily IWM chart.  We just completed the top at point 7.  The point 8 low should be a lower low than point 6.  Then a rally to a lower high at point 9 should setup a scorcher decline to point 10.

 

IWM%20Fractal%205-4-16_zpsnpfw9elr.jpg



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#2 Ticker

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Posted 04 May 2016 - 01:07 PM

Still short.  That would be an ideal outcome for me.....  napoleon.gif