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...!!
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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.