RUSSELL 2000 INDEX turned down exactly from the zone predicted by the Elliott wave. Check out by loading new bars in the idea shared below!
I have updated the target zone of the second wave in the chart above. It is now likely to terminate around 1400. I expect a strong third wave to start from this zone if this wave pattern is correct. An alternate wave pattern (see the second chart below - not updated) could take RUSSELL 2000 INDEX down quite a bit but we won't know until it reaches the 1400 zone. So stay tuned!
Other US stocks are also following a similar patter but RUT seems to be leading them.
Did you like the idea?!
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
RUT idea from 12 February 2019:
RUT idea from Jul 13, 2018
I have updated the target zone of the second wave in the chart above. It is now likely to terminate around 1400. I expect a strong third wave to start from this zone if this wave pattern is correct. An alternate wave pattern (see the second chart below - not updated) could take RUSSELL 2000 INDEX down quite a bit but we won't know until it reaches the 1400 zone. So stay tuned!
Other US stocks are also following a similar patter but RUT seems to be leading them.
Did you like the idea?!
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
RUT idea from 12 February 2019:
RUT idea from Jul 13, 2018
