Russell 2000

Russel 2000 had a running triangle in wave IV and the five-wave rise post the completing of the triangle pattern was wave V of 3. Now Russel 2000 is in wave 4 and it is back to the range of wave IV of 3. This would be an ideal range for wave 4 to complete its corrective phase and start its next leg of up move.  Also, the daily RSI is now in the oversold zone.