A Peculiarity on $RTY

An observation here on $RTY. The structure of the price action since the 10/15 high has taken an interesting form. If I’m not mistaken, it looks to have fallen in 5 initial waves, then rallied only in 3. That may mean that these two moves are only first two moves in a larger 3-swing move. It is possible for it to fall again in 5 waves to the orange box below. Perhaps the first and second waves of this second 5-wave move are nearly complete. Perhaps this will coincide with the other indices taking a breath.

RTY


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