$IWM - Small cap time to shine

Super bull count here, and honestly this one IMO is what will occur.

For this count our wave IV bottom was already set back in July. Since then we have already put in a primary 1 and primary 2, and now we have put in an intermediate wave 1 and are looking for our wave 2 bottom. Now it is possible that wave 2 bottom already is in as we have had a ~61% retracement, BUT the rest of the market is in dump mode so this one likely goes lower as well.

Ok, so what am I seeing? I think we have already put in 3 waves down and bottomed for our W, I think we will get a rally this week early (as the indexes relief rally takes place) and IWM should go back up to 225-227 range, and then it will flush when the SP and nasdaq do. We should be looking for IWM to find bottom around 215 for our wave Y which is wave 2 bottom, right on that uptrend line. From there we will be in a wave 3 of 3, and IWM will lead during the next leg higher. I think IWM will see 250+ by December.

Best way to trade this: BTD and with options you want time incase the market is unfavorable for the next month or so. Also, would be smart to have hedge in case a bear count is actually in place and IWM wants to go down to ~200 to find the true wave IV bottom