The Russell 2000 indicator completed the harmonic Shark pattern on the weekly frame, as it tries to close the current week's reversal candle as shown in the graph, from which we expect the indicator to make some downward corrections towards the levels of 2300 and then 2200. This scenario fails if the 2470 levels break higher.
It is worth noting that the Russell 2000 Index, also known as the US2000, is a stock index that includes 2,000 small-cap companies listed on the stock exchange in the United States. It focuses on small companies with market capitalization ranging from a few million to a few billion dollars.
