Mar. 4th – Russel

Prices did reach the red rectangle area. Because it found resistance there again and again and because of the new lows I changed the count to (iii) still in progress. From current count there is a move to the downside missing to complete the five waves down.
Please note: this count is “work in progress” it is also possible that wave (iii) is where I had it before (at the low of iii) and the leg missing is the last leg of (v).
The difference would be the depth of the expected correction to the upside.
A wave (iv) or a wave ii. Notice the divergence in the RSI 14.
Sarah