IWM Short, then Long
I want to short 
IWM on a retest of 216.62 (orange circle) after it fills the hidden bull gap from 213.60 - 215. My final take profit will be at about 209 - 209.50 area, which is the equilibrium of the current uptrend and a previous swing high spot.
I will be looking for longs at this general 209 area back up to 216.62.
The current uptrend is very much overextended in my opinion, with the 8/1 signal bar showing wide scale distribution.
IWM on a retest of 216.62 (orange circle) after it fills the hidden bull gap from 213.60 - 215. My final take profit will be at about 209 - 209.50 area, which is the equilibrium of the current uptrend and a previous swing high spot. I will be looking for longs at this general 209 area back up to 216.62.
The current uptrend is very much overextended in my opinion, with the 8/1 signal bar showing wide scale distribution.
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