Purely hypothetical, but there could be a "Double Trouble" (one H&S on top of another) setup in IWM. Note the open gaps shaded in grey boxes. (Disclaimer - I am short IWM via Puts. Not a recommendation, just an observation! Thanks Kirk for the phrase "Double Trouble" used in the title of this post.)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.