Jan. 9th – Russel

As in Gold I am posting the daily chart today – despite the holiday – to cover the intraday chart next week:
so far prices find resistance at the lower boundary of the red channel. For the red count to be correct, prices should continue down in an impulsive manner.
Looking at the black count and black corrective channel prices could go up to find resistance at the middle line of the channel.
So far the look down from the top still looks in three. Breaking the current low would help give a clearer picture.
Sarah