Jan. 14th – Russel

So far the move from suspected red (iv) and black (x) looks in three and the lower boundary of the black corrective channel hasn’t been clearly penetrated.
For the red count to gain merits the current low at 2.160 needs to be penetrated.
Because of price action red wave (v) would be a diagonal. See red dotted lines and red v of (v) should not be very long – because of the length of suspected red iii.
If the current top at 2.299 gets penetrated from current levels, the black count gains merits and black ((x)) could be in place.
Sarah