RUT in Distribution Pattern

TVC:RUT   Russell 2000 Index
65 0
The RUT has the clearest intra day Elliott Wave pattern. From the 12/9/16 high it appears a series of one's and two's to the downside appears to be under construction.
This pattern is very bearish , if there is one more rally that holds below RUT 1376.14 the next decline could be very powerful.

Both of the waves two's up, labeled "(II)" and "II" are both Expanding Flats.
"See Elliott Wave Principle" pages 46-48.

There is a high probability of a rally on 1/18/17 if so look for either a .382 or .618 retrace of the wave labeled ".I boxed" which bottomed on 1/17/17.

A move above RUT 1376.14 will invalidate this wave count.

DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden