Another week of upside...
Russell 2000 is moving up as predicted in the post below. It appears that there is another week of upside to complete Wave 5 around 1750 after which there are two possibilities:
- Russell 2000 would have completed Wave B started in December 2018 at around 1750 and will then drop big in Wave C down to 1280 (as shown below).
- Russell is in an uptrend and the current movement from August 2019 is actually Wave 3; Waves 4 and 5 are yet to follow.
Regardless, Russell is expected to drop to 1600 after the completion of the fifth wave in both the scenarios.
- Russell 2000 would have completed Wave B started in December 2018 at around 1750 and will then drop big in Wave C down to 1280 (as shown below).
- Russell is in an uptrend and the current movement from August 2019 is actually Wave 3; Waves 4 and 5 are yet to follow.
Regardless, Russell is expected to drop to 1600 after the completion of the fifth wave in both the scenarios.
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.