RTY: Should Re-test the Double Bottom Made in 2022

$RTY #macro #daily #trading setup

I consider the decline off the November’22 high as a subwave (a) of the final wave Y of (Y ) down:

Ideally that subwave (a) down should break under the double bottom made in 2022 at 1,665:

The decline off the Nov’22 top in subwave (a) down can be counted as a five down structure.

Under that count this directinless consolidation is a corrective wave -iv- up to be followed by another -a-b-c- down move in the final micro wave -v- down targeting 1,665.

This is how that scenario looks like on 120 min timeframe:

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