In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of IWM. In which, the rally from the 07 April 2025 low unfolded as an 5 waves impulse structure & made a pullback. Thus suggested that ETF should find buyers in the pullbacks in 3, 7 or 11 swings. Therefore, we advised members not to sell the ETF & buy the pullbacks into the blue box areas. We will explain the structure & forecast below:
IWM 4-Hour Elliott Wave Chart From 11.18.2025 Update
Here’s the 4-hour Elliott wave chart from the 11.18.2025 update. In which, the ETF made a pullback towards the blue box area. The internals of that pullback unfolded as Elliott wave double three structure where wave (W) ended at $236.37 low. Wave (X) bounce ended at $246.38 high. Then wave (Y) managed to reach the blue box area at $229.87- $219.62. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.
IWM Latest 4-Hour Elliott Wave Chart From 11.24.2025 Update
This is the Latest 4-hour Elliott wave Chart from the 11.24.2025 update. In which the ETF is showing a reaction higher taking place, right after ending the double correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, the ETF's awaiting definition now either to resume higher on a clear break above $252.77 October 15, 2025 peak and avoid deeper pullback.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now