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IWM

Closed: IWM January 28th 219C/231P Short Strangle... for a 16.48 debit. Comments: Total credits collected of 16.48 (See Post Below); scratching it out here for exactly that amount. It's possible that I could've still made money on this trade since price was in-between the strikes of my inverted setup, but my preference is to look to scratch these out if given the opportunity and then redeploy the buying power in something more productive from an implied volatility and probability of profit perspective rather than hang out in them attempting to make them winners.
AMEX:IWM
by NaughtyPines
5
Russell, 22 Dec. End of a Gigantic RangeIWM has been in a range for 329 days. It has tested the lower boundary 7 times. Many analysts now believe that 2022 will see a rotation back into value and small-caps, after 2021 was the year of the big tech corporations. Elliott: The range makes it difficult to determine a clean count, however we can count 5 waves to the downside in the last swing from 8 Nov. This is important because any complex correction such as the WXYXZ would complete with a 5-wave move, before price departs to the upside. Oscillators: The MACD crossover is imminent and the MFI is pointing upwards after a bullish divergence. Geometry: Price has reversed on the 50% Fib of the current pitchfork with a typical reversal doji. The next resistance is the pitchfork median at 221, potentially the end of wave (i). How I trade it: If we assume that the range is a completed re-accumulation, we can begin to build back long exposure. In Wyckoff terms, we would now be looking for the LPS/SOS stages. If price gives us a wave (i)-(ii) structure (in blue), we will get a H&S pattern that provides a solid bullish setup (long above wave B of (ii)). Support on the pitchfork median and a break of the 20 week MA at 224 would then signal that our assumption is likely correct. A well-prepared entry is important because price can also exit the range to the downside. The bullish idea is invalidated if price moves out of the pitchfork altogether, which is below 202.
AMEX:IWMLong
by UnknownUnicorn12250317
"most fear the unknown" iwm updatemost fear the unknown, and in turn they stay away from it, i walk into the unknown with confidence, knowing there is always opportunity ahead. ---- iwm\rty (small caps) look to be on the verge of finding a big local bottom in this local region here through an expanded flat. the law of alternation states: "if wave 2 was a simple zig-zag, then wave 4 will have to be a complex correction". that's precisely what we're seeing here, a little complex correction phase to really shake out the weak hands out of this wicked market. ----- wave 4 target = $2067.70 wave 5 target = $2800
CME_MINI:RTY1!Long
by notoriousbids
$IWM target 201$IWM target 201 Still in the neutral zone, with technicals pointing down. Let me know your thoughts and what you guys are doing. Have fun!! —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀
AMEX:IWMShort
by SPYder_QQQueen_Trading
4