RUSSEL2000 will most likely crash under 1500$ if FED interest rate will exceed the expectations this friday. Elliott wave analysis suggests that the decline could be already in progress.
Trade closed manually:
IMPORTANT DISCLAIMER: Every Elliott wave label that you see in this chart has to be considered as a pattern itself and not linked to the other ones.
The count doesn't actually make sense also because I use this chart just to spot intraday patterns and I forgot to switch to a clear one, I apologize for that. I thought I could delete or at least edit a post... Anyway, after Powell yesterday delcarations, I think at this point that this scenario it's highly unlikely to happen.
Because of that I've closed the entire trade early. I'll be waiting for monday to re-evaluate the situation.
The count doesn't actually make sense also because I use this chart just to spot intraday patterns and I forgot to switch to a clear one, I apologize for that. I thought I could delete or at least edit a post... Anyway, after Powell yesterday delcarations, I think at this point that this scenario it's highly unlikely to happen.
Because of that I've closed the entire trade early. I'll be waiting for monday to re-evaluate the situation.