RUT/IWM - Pullback to centerline and then...
...down again?
hmmm....
As we can see the lower centerline was allready reached.
If price can work it's way above the upsloping centerline, then we are going much high, potentially above the GAP.
But if price will be rejected at the centerline, then a new low or a second touch of the downsloping centerline is highly possible.
P!
Learn this stuff for free at: mytradingcoach.teachable.com/
hmmm....
As we can see the lower centerline was allready reached.
If price can work it's way above the upsloping centerline, then we are going much high, potentially above the GAP.
But if price will be rejected at the centerline, then a new low or a second touch of the downsloping centerline is highly possible.
P!
Learn this stuff for free at: mytradingcoach.teachable.com/
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