$IWM - A green Friday is likely
@SmartReversals:
$iShares Russell 2000 ETF(IWM)$ - Weekly (Preliminary)The volume shelf has been providing support during 4 weeks in a row, and the fast oscillator is oversold.The price bounced as expected on Monday but quickly reversed. The $222 level must be reclaimed tomorrow; otherwise, the probability of a move towards $216 increases.Wed printed a hollow hammer candle on the daily, which is usually pretty bullish when printed at the lows, on the volume shelf, etc.A green Friday is likely, let's see.Image