Looking for the double zig zag correction to complete (Y) leg in the blue zone. Will be looking for five waves to the downside for the target.
Updated the wave count from my previous chart below...
https://tradingview.sweetlogin.com/chart/US2000/oLpdpUg2-Russell-2000-time-to-Buy-pullbacks/
This drop from the 25th November 2024 to the expected target zone would be more or less similar to the Covid drop in terms of percentage.
Updated the wave count from my previous chart below...
https://tradingview.sweetlogin.com/chart/US2000/oLpdpUg2-Russell-2000-time-to-Buy-pullbacks/
This drop from the 25th November 2024 to the expected target zone would be more or less similar to the Covid drop in terms of percentage.
Trade active
Note
Trade closed: stop reached
due to extreme volatility and choppy price action my tight protective stop loss was triggered with a small profit.best not to hold trade over the weekend during these uncertain times.
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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.
Related publications
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.