RTY-5-7-19-9-02-am

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RTY - as long as it holds over 1,566.90 should extend higher in wave ( c ) of ( v )

I have been talking about Russel needing another push higher in wave ( c ) of ( v ) to complete the five wave rally off Dec 2018 low.

“…RTY does not have a completed structure of that large rally. Ideally it needs one more push higher after that corrective wave ( b ) down finds its bottom”.

RTY made me believe that we had a very shallow ( b ) down (1,566.90 made on 2 May 2019). That is why I add that level as a support for this bullish scenario. As long as it stays over that support it should extend higher in wave ( c ) of ( v ) to complete the whole Five Wave up fractal started at the lows in December 2018.

RTY - 120 min chart updated at 9:01 AM on 5/7/2019

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RTY - as long as it holds over 1,566.90 should extend higher in wave ( c ) of ( v )

RTY - 120 min chart updated at 9:01 AM on 5/7/2019

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