Russell 2000 Monthly Possibly end of 5 Wave Advance
PRZ's (Potential Reversal Zones) on macro chart for Russell 2000, has bearish divergence + 5 wave fib cluster + ABCD pattern completion at 1275 which we are sitting on right now
Secondary PRZ at 1352 which uses slightly more obscure fib projections 1.414 and 1.272 fib extensions
5 wave Fib Projections built using Robert Miners approach (1275 cluster zone)
1) ABCD pattern = 127.2% extension from point B
2) Distance from point c to top of wave 1 projected from bottom of wave 4 = 100% extension (same length)
3) Distance from point c to top of wave 3 projected from bottom of wave 4 = 38.2% extension
See what happens on shorter time frames... I'm looking to short...!!
PRZ's (Potential Reversal Zones) on macro chart for Russell 2000, has bearish divergence + 5 wave fib cluster + ABCD pattern completion at 1275 which we are sitting on right now
Secondary PRZ at 1352 which uses slightly more obscure fib projections 1.414 and 1.272 fib extensions
5 wave Fib Projections built using Robert Miners approach (1275 cluster zone)
1) ABCD pattern = 127.2% extension from point B
2) Distance from point c to top of wave 1 projected from bottom of wave 4 = 100% extension (same length)
3) Distance from point c to top of wave 3 projected from bottom of wave 4 = 38.2% extension
See what happens on shorter time frames... I'm looking to short...!!