The 0 - 5 count could be over in a couple days.
When price reaches the L-MLH, then we know that it's stretched extremely.
As a Pitchforker you know that these are the greatest opportunities to trade.
So let's observe it and maybe we find a good Risk-Reward entry.
Here are support and resistance levels. Close above 2292 would confirm it's intention to move higher. Initial target is overhead resistance trend line and then 2500. Close below 2161 could indicate short term trend change.
Here we have
a) the broken sine wave
b) the pressure cooker
...and a flow to the north.
This pressing could explode soon.
It's a pattern I observe since years, and it works very well.
After the explosion, the steam settles first, bevor floating upwards again.
P!
Here is why I see that the Russel could climb again:
The orange up sloping frequency shift is reached.
From there, RUT jumped up - in addition, the sine-wave center was breached and hence price is ready to turn.
Besides all these facts, there is one bar that caught my attention: The green marked one showed a nice intention to the upside - watch the close!
So,...
