RSX achieved the minimum expectation for wave (c) of minute wave b. In doing so, price also reached the retrace region between .50-.618 of minute wave a, increasingly supporting the b-wave bounce using the Fibonacci pinball method and Wave Principle.
The alternative is wave iii, which would increase in probability should price hold support between the 1.00 and .764 levels in wave iv, then make a new high over 18.00. Below the .618 extension at 14.47 chances of a new low increase substantially.
The alternative is wave iii, which would increase in probability should price hold support between the 1.00 and .764 levels in wave iv, then make a new high over 18.00. Below the .618 extension at 14.47 chances of a new low increase substantially.
