Russell - decline into 1,470 may complete the correction
The decline off the January 2018 low is shaped as ABC.
We are in the final leg C down.
The drop to 1,470 area may complete all of the Wave C down and consequently the whole correction off the top in January 2018.
Or it could be just the wave ( iii ) of that wave C. That scenario would imply a corrective pullback up in the wave ( iv ) up and then another drop to new lows in the wave ( v ) of C.
We are in the final leg C down.
The drop to 1,470 area may complete all of the Wave C down and consequently the whole correction off the top in January 2018.
Or it could be just the wave ( iii ) of that wave C. That scenario would imply a corrective pullback up in the wave ( iv ) up and then another drop to new lows in the wave ( v ) of C.
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