This backtest of the uptrend line off the Oct lows provides an objective short entry or add-on for IWM or /RTY (Russell 2000 Small-caps ETF or futures). The red box is my objective shorting zone, for those looking to scale into a swing or trend short position, adding up to but not above the top of the box, which coincides with a confluence of intersecting price & downtrend line resistance. 60-minute chart below.
IWM 60m March 14th
My next long-term (bear market) price targets still remain T3* (~159) & T4 (~144.20) as per the weekly chart below.
IWM weekly March 14th
*T3 was effectively hit when IWM came within 2% of that level & put in a divergent low while SPY & QQQ were at comparable targets/supports, with divergences, reversed from short to long at the time.