$iwm - flagging towards breakout area - Boom or Bust?

IWM - I see us in a wave iv dip buy zone as we speak, but we are nearing invalidation. As of now IWM appears to be bull flagging and we should see a breakout early this week. On flag breakout PT will be 250 above. If IWM fails and breaks down look out below.

Conservative play here is to wait for flag breakout to go long - or if you are in - hedge appropriately