649bruno

Ichimoku Cloud, Pattern Swing, Alligator: IWM/ RWM Follow-Up 2

Long
AMEX:RWM   ProShares Short Russell2000
2
The above is a 15 minute time interval. What you do not see is the trend was faster on a 5, 3, and 1 minute chart. On the shorter time duration charts the Ichimoku Clouds were moving up. If the IWM is going to fall, a good way to "play" this move is RWM. In follow-up One I showed that the IWM trend is down, so I bought RWM. I will try my best to explain the above Alligator trade, and how the combination trade works. The Ichimoku Cloud is rising (bullish), the Ki jun-Sen and Conversion Lines are rising, and above the cloud (bullish), the three indicators (RSI, Vortex, Awesome Indicator) are all bullish. The dotted black circles are the alligator's teeth, and the lips and jaws opened as the trade day began 04-05-2016. The fractals were positive. A new uptrend began. Based on Fibonacci analysis, the target for RWM is $74 to $76. I hope you enjoyed this presentation. Yours for better trading, Don.

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