Vanguard Russell 2000 | Huge ABC correction inbound | $VTWO
A five wave primary Elliot wave cycle has ended. A primary ABC correction will now take place before another primary downtrend begins. After two bear cycles there will be consolidation and reversal. Bull trend will follow consolidation.
1.) We have a right angled broadening bottom in progress
2.) We have an Adam and Eve double bottom on 1 hour and 5 minute charts
3.) The market is at exhaustion as the price cannot go lower than the mornings dump
4.) The daily chart show that the 5 elliot wave has stopped exactly at Fibonacci extension 1.236 of the 4th wave
1.) We have a right angled broadening bottom in progress
2.) We have an Adam and Eve double bottom on 1 hour and 5 minute charts
3.) The market is at exhaustion as the price cannot go lower than the mornings dump
4.) The daily chart show that the 5 elliot wave has stopped exactly at Fibonacci extension 1.236 of the 4th wave