Subscription: Access to Micro Counts of US indices
RTY - not clear if wave ( a ) of ( v ) has topped
Looking at 120 min chart it is difficult to say whether wave ( a ) of ( v ) has topped. It stretched enough almost tagging the previous top in wave ( iii ) up. Ideally it could make one more high to 1,600 before starting a pullback in wave ( b ) down. Lets scroll down and check its micro structure on the 15 min chart.
The fact that the last drop violated the critical support at the low of wave iv down confirms that wave ( a ) up may be completed (black alt count).
Then may get one more low into the green target box that would be either all of wave ( b ) down or just the first leg of ( b ) down. If it is the first leg down then we should get a corrective pullback up that could retest the previous top. In any case my plan is to wait for one more high to short.