On November 27 we forecasted that “$RUT could possibly lose 20-33% of its cap in the next few months”. Last week #RUT hit 23% off the top and reversed strongly. The question is whether this move is the beginning of a long term rally or just a bearish consolidation before moving lower.
Let’s have a look at the candles – I believe they have an answer.
The projection was publicly shared in this Study on November 27, 2021
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