Whats up guys.
When I took a look at the Russel 2000, I noticed this interesting downtrend.
Consisting of a primary and a secondary resistance line.
Therefore, if we break through the first, we still have the second burden ahead of us. As long as we are still in this trend, the bear market will continue.
From my perspective, I don't think it's at all unlikely that this will continue.
While I'm not a pro at wave analysis, I've included an Elliot analysis with correction anyway to validate the analysis from another site.
what are your thoughts ?
Could the analysis have been viewed differently from a technical point of view?
When I took a look at the Russel 2000, I noticed this interesting downtrend.
Consisting of a primary and a secondary resistance line.
Therefore, if we break through the first, we still have the second burden ahead of us. As long as we are still in this trend, the bear market will continue.
From my perspective, I don't think it's at all unlikely that this will continue.
While I'm not a pro at wave analysis, I've included an Elliot analysis with correction anyway to validate the analysis from another site.
what are your thoughts ?
Could the analysis have been viewed differently from a technical point of view?
