letslearn

IWM time to retrace before going up

Short
letslearn Updated   
AMEX:IWM   iShares Russell 2000 ETF
Hello Hello people.
Back with some conviction with this trade. Monthly fib in Red, Weekly in Blue and short term in Pink.

Last time the ride was good upto 222 which I posted last week. Now it's look little overextended and that gives some shorting opportunity.
A safe entry is below Blue fib line 222.40 and there are a lot of places to take profit as down as Blue 23% fib line 217. What's the stop loss probably 224.5
do your DD and good luck.
Trade closed: stop reached:
This is going to the moon without any retracement. Very risky to short at the moment.

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