5 January, 2020
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IWM iShares Russell 2000 ETF Stock Charting
Study iShares Russell 2000 ETF stock chart price action and three years high low.
Look left and think right. Manage your expectation.
See chart, picture worth a thousand words.
Look back for the last three years Price Action, 2018 was the most volatile, followed by 2019, and 2017 was the least.
If you are H M Gartley’s fan, you could see a ABCD pattern on 2019 price action.
If the bull ABCD pattern is completed, and completed at the last day of December 2019. So, what will happen after? May be continue to go higher as CD leg extended. Or the price action may trace down.
Trade with your eyes open.
We can zoom in to study using MACD indicator, and see what you get.
Moses Stock Observation
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.