ChartWizardTrading

Russell 2000 B Wave Flat Correction Near Complete.

Short
TVC:RUT   US Small Cap 2000 Index
I was forced to relabel my interpretation of the Russell 2000 after the July 2023 high was broken. The structure is now labeled as a regular flat primary B wave correction that is either complete, or nearly complete. The next wave down should be rather fierce, as C waves tend to be. Wave C will decline in 5 waves to meet the depth guideline near the terminus of the previous 4th wave of lessor degree. Somewhere near $971.

Want to learn to count like me? Visit wavecounts.com for loads of content and a free trial.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.