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.

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