Title: IWM 15m | Fib Confluence + Channel Compression = Decision

IWM sitting at 249.17, pressing into the 0.786 retracement (249.00) after a clean recovery from the 241-242 demand zone. Key observations:
Structure:

Price carved a higher-low sequence off the March lows, now compressing inside converging trend channels (green ascending + red descending).
TTR Buy signal triggered near 248 — aligns with the 0.702 fib and lower channel boundary.
Prior SELL at 247 into the 0.382-0.500 zone was respected before the reversal.

Levels to watch:

Resistance: 251.36 (1.0 fib / prior swing high) → this is the gate. Clean break opens 253-254 (1.5-1.786 extensions).
Support: 248.00-248.08 (0.702-0.786 cluster). Lose this and 245.85 (0.236) becomes the floor.
Stretch targets: 255.16 (2.0), 257.35 (2.414), 258.42 (2.618) — only relevant on momentum continuation above 251.

Bias: Cautiously bullish while above 248. Channel compression resolves soon — watch for volume expansion on the breakout direction. The ascending channel from March 20 lows is intact.
NFA. Chart by WaverVanir International LLC.