View: slopechart_IWM.jpg


The range is narrowing, the squeeze is on. Declining volume

Image added via SlopeCharts


Sadly, your triangle is lots bigger than the one I have drawn. Which could suggest a long wait. 10/13/21
Mr. WizardMr. Wizard
IWM. One of the oddest charts I've seen. 
I'm going to add that IMO this isn't a high quality pennant or triangle. A general rule for those patterns is that the triangle is defined by a total of 4 or 5 touches of the upper and lower boundaries. 2 on the upper, 3 on the lower, or vice versa, maximum. Once there are more than 5 touches, the pattern's value is much diminished. 
I'm not sure what to call it - a correction in time, perhaps? IDK. 10/13/21
One Amazing thing about IWM is the all the MA's from 200 down were within the daily range this week. Barely ever see that 10/14/21