Feb. 13th – Russel

Today I am showing the 50 period Linear Regression Channel I had mentioned in my last update so you can see it pointing downwards – in comparison to the 100 period channel which is pointing upwards.
Prices seem to keep on finding support at the middle line of this channel and/or trading between the lower boundary of the black and the red corrective channels and finding resistance at the blue rectangle which I had marked as an area for potential red wave ((ii)) to end. This looks like more patience to be needed until any of the counts is becoming clearer or dismissed.
Sarah