IWM: Potential Trade Setup

14 Apr

📊 IWM – Smart Money Playbook in Action
🔹 15-min chart | April 14, 2025

This IWM chart shows a clear sequence of liquidity grabs and structural shifts aligned with Smart Money Concepts (SMC). Here's a breakdown of the key moves and what I'm watching next:

🔍 Key Observations:
Break of Structure (BOS) and Change of Character (ChoCH) confirm bullish intent early on.

Price retraced to a discount zone (below 0.5 Fib) and formed a strong base near $176.54–$178.15.

The rally respected the 0.618 Fib retracement ($184.32), aligning with the equilibrium zone, where price is currently consolidating.

📈 Bullish Bias:
We’ve seen a clean mitigation of the OB before the digging candle pushed into premium pricing.

Price is now in the mid-range (EQ) between discount and premium. If bulls hold above $182.75, we could see a continuation toward the next liquidity levels.

Next targets:
🔸 $186.80 (minor supply zone)
🔸 $189.50 (weekly inefficiency + liquidity)
🔸 Extended projection: $192–$193.75 (Premium + 1.618 extension)

📉 Downside Risk:
A breakdown below $182.60 would invalidate this structure and shift focus to the deeper OB zone around $178.15.

📌 Trade Setup Idea:
Entry: Above $183.00 retest with confirmation (PA or OB mitigation)

Stop: Below $182.00

Target 1: $186.80

Target 2: $189.50

Target 3: $192.09 (old high)

⚠️ Watch volume reaction around EQ and VWAP crossovers.

💡 SMC, Fibonacci, and EMA confluence at play – let price show its hand before committing.
📈 Volume confirms intent – we just follow structure and flow.

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14 Apr

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