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CoinedByCrypto
May 9, 2014 4:32 PM

Les Miserables Russel... The EW Confrontation! Long

iShares Russell 2000 Value ETFArca

Description

Russel done making it's correction with a EW triple combination.
Finding support at the middle of trend channel.
More important...Closing within bollinger band.... I see a move up here.
Safe trading Ladies and Gents!
BM
Music at work:
open.spotify.com/track/475S27yI5vt0UoiQJjpvSX
youtube.com/watch?v=ykrB0YbvglA
Comments
FractalTrader
Candlesticks make it really hard to identify wave terminations, imo. I see a lot more zigzags than just those you have shown here. I think the pattern in play is likely a diagonal. More than that, I think the diagonal has subwave diagonals embedded in it, making it really complicated. Still, I do think it's a 5-wave sequence, not just a corrective pattern, implying new highs ahead.
tradingview.com/e/Ni5Mr2mw/
CoinedByCrypto
A butterfly passing by
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