Large Structure on $IWM Suggests a Big Move

The longer the correction, the bigger the pop when it ends and like the bullish structure on $QQQ noted here, $IWM has an equally powerful structure forming, a big inverse head and shoulders pattern. I have noted the target as it exceeds my prior target.

IWM

[UPDATE]: Since the inverse completely collapsed, contrary to my expectations, I will file this call under “Unsuccessful Calls.”

IWM

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