On November 27 we forecasted that “$RUT could possibly lose 20-33% of its cap in the next few months”. So far, #RUT is down 22.5% off the top and is officially in a bear market.
A canary in a coal mine perhaps? Still skeptical about Japanese Candlesticks?
The projection was publicly shared in this Study on November 27, 2021 and we still maintain the minus 33% target, though, after a few recent events I tend to think about possible deeper losses.
If you followed the recent alerts on RUT, you would know what is happening on the micro level. This updated chart below projects a possible (and highly probable) path for $RUT for the next 2-6 weeks.
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