World Markets

World Market

On weekly charts the Russell 2000 has formed a triangle. A triangle has five legs. If wave D up completed and the fifth leg,&nbsp;wave E, down could go to 9830. In the big picture this triangle would still be a 4th wave as long as it holds above the channel lines. 

<img style="margin: 2px; border: 2px solid #ae8989;" alt="russel 240919" src="https://api-media.indiacharts.com/public/images/article-images/images/Nifty/Sep19/russel_240919.png" height="738" width="748" /> 

A 5th wave longer term would still be pending on the upside.

&nbsp;<img style="margin: 2px; border: 2px solid #ae8989;" alt="russel 240919a" src="https://api-media.indiacharts.com/public/images/article-images/images/Nifty/Sep19/russel_240919a.png" />

Russel 2000