Mar. 11th – Russel

Although wave (iv) did not develop as a diagonal – as presumed in my last update – prices found resistance in the area of the four of one lesser degree. If now black wave ((iii)) is in place, prices could find resistance at the red rectangle area. If this is the right count, they should respect the low of ((i)) at 2160, see blue price note.
If the red count is the right one, red wave (i) could be in place and prices could go up to the level of the blue rectangle and should respect the top of ((ii)) at 2328, see red price note.
The turquoise horizontal lines on the chart are lines of support and resistance from the cloud and could offer the expected resistance for the two counts. First of all we need to see if the lowest horizontal line offers resistance, which would call for the low not yet in place. BUT: The equality between black ((i)) and ((iii)) could warn of a Zigzag. This would mean much higher prices ahead  (once the low is in place) than expected from the
two counts presented here. Sarah