Russell 2000 Index(IWM)

Russell 2000 Index (IWM) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for IWM · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$293.79last close · Jul 22, 202652-week range $212.34 – $302.72 · 2.95% below the high

Rising Wedge · playing out now

IWM is breaking down from a rising wedge — a sign the recent run may be rolling over.

On this chart, setups like it have followed through about 65% of the time.

As long as price stays below $302.7, it's in play — a daily close back above there calls it off.

The move's natural target sits near $282.0.

IWM Rising Wedge Pattern

IWM is currently forming a rising wedge on the daily timeframe. Detected Jul 22, 2026.

DirectionBearishTarget$282.04Projected move−6.7%Breakout level$300.29

New to this pattern? What a rising wedge is and how to trade it →

How Rising Wedges Have Performed

Win rate

50.4%

Avg return

+0.20R

Backtested trades

10,660

IWM win rate

59.3%

Historical pattern statistics (1987-01-30 – 2026-07-13), not a prediction.

How these backtests work →

IWM Pattern Trade History

Every completed pattern trade our nightly backtest found on IWM's daily chart, newest first — wins and losses alike.

Pattern	Entry	Exit	Outcome	Result
Triangle	Mar 2, 2026 @ $257.81	Mar 20, 2026 @ $242.17	Win	+7.8% · +1.64R
Rising Wedge	Oct 31, 2025 @ $244.99	Nov 14, 2025 @ $235.77	Win	+4.6% · +1.28R
Rising Wedge	Aug 27, 2025 @ $235.35	Oct 16, 2025 @ $245.06	Win	+6.9% · +0.83R
Triangle	Jul 29, 2025 @ $223.44	Aug 1, 2025 @ $213.62	Win	+5.0% · +3.00R
Rising Wedge	Oct 31, 2024 @ $219.98	Nov 6, 2024 @ $237.22	Loss	+8.5% · -2.40R
Triangle	Sep 16, 2024 @ $217.63	Nov 14, 2024 @ $231.94	Win	+12.7% · +1.07R
Triangle	Jul 11, 2024 @ $207.90	Jul 24, 2024 @ $217.85	Win	+4.0% · +1.24R
Rising Wedge	Apr 10, 2024 @ $201.18	Apr 17, 2024 @ $193.30	Win	+6.0% · +1.36R
Rising Wedge	Jun 6, 2023 @ $181.43	Jul 27, 2023 @ $193.92	Win	+6.0% · +1.38R
Triangle	May 31, 2023 @ $174.17	Jun 2, 2023 @ $182.02	Loss	+6.2% · -1.23R
Falling Wedge	May 16, 2023 @ $174.57	Jun 20, 2023 @ $185.13	Win	+4.2% · +1.83R
Rising Wedge	Nov 28, 2022 @ $184.13	Dec 19, 2022 @ $171.50	Win	+8.4% · +2.33R

Rising Wedge Examples on Other Charts

Historical examples from the published simulation. This selection is not a win-rate sample.

Open LIN’s live chart →

EWEdwards Lifesciences

Losing trade · −7.5%

Opened Jun 30, 2026

Closed Jul 20, 2026

Open EW’s live chart →

Open SPGI’s live chart →

BROBrown & Brown

Winning trade · +6.9%

Opened Jun 26, 2026

Closed Jul 15, 2026

Open BRO’s live chart →

Learn about rising wedge

IWM Support and Resistance Levels

Price is being turned away at a ceiling near $299.47 and starting to slide. On the weekly chart, the next floor below sits near $231.19 — about 21% away.

Traders commonly watch $231.19 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
There's nothing to act on yet — the spot to watch is right at the $299.47 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

IWM Recent Daily Prices

Date	Open	High	Low	Close
Jul 22, 2026	$295.70	$296.44	$293.41	$293.79
Jul 21, 2026	$293.43	$296.75	$292.68	$296.54
Jul 20, 2026	$295.01	$295.99	$292.18	$292.31
Jul 17, 2026	$292.03	$296.13	$291.64	$294.04
Jul 16, 2026	$294.65	$297.81	$294.35	$295.59
Jul 15, 2026	$295.25	$297.14	$294.15	$295.77
Jul 14, 2026	$295.49	$296.07	$293.75	$294.51
Jul 13, 2026	$295.06	$295.78	$292.60	$293.48
Jul 10, 2026	$297.69	$298.21	$293.62	$295.99
Jul 9, 2026	$295.27	$297.88	$294.90	$297.24

IWM Frequently Asked Questions

What chart pattern is IWM forming right now?

As of Jul 22, 2026, TradingPal's detector identifies a rising wedge on Russell 2000 Index (IWM) on the daily chart, with a measured-move target of $282.04.

Is a rising wedge bullish or bearish?

The rising wedge detected on IWM is a bearish pattern, projecting a measured-move target of $282.04. See its full backtested track record above — that's the real edge, not the textbook label.

How reliable is a rising wedge pattern, and what is its win rate?

Across TradingPal's backtest of the rising wedge family (10,660 trades over 628 symbols), it resolved in the expected direction 50.4% of the time with an average of +0.20R. These are historical statistics, not a prediction.

What is the price target if IWM's pattern breaks out?

The detected rising wedge has a geometry-based measured-move target of $282.04 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was IWM's closing price on Jul 22, 2026?

Russell 2000 Index (IWM) last closed at $293.79 on Jul 22, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.