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RTY - 240 min chart updated

This is a bigger picture on RTY:
That Bearish scenario considers the top made by RTY at 1,704.20 on Aug 11th as the top of subwave ( A ) of wave ( 5 ) up.
Off that early August top RTY should play a large -A-B-C- down corrective structure before it can continue moving higher.

RTY - Daily "Bearish" chart updated at 9-15 PM on 10-05-2020

At this point the micro structure of subwave ( c ) of wave -B- up does not looking having completed.
This is why despite RTY has arrived into the Red Target box it does not look like a great idea to short it here.
Even if subwave -C- down starts from this level it will have to make first micro move down in a micro wave ( i ) down followed by a micro pullback in wave ( ii ) up making a lower high.
This is when shorting would be a safer trade because we would be able to go short on a pullback of wave ( ii ) up and set protective stop over the previous high.

RTY - 240 min "Bearish" chart updated at 9-15 PM on 10-05-2020

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