[RUSL] update

Backlink.  What I see is a 3 wave move up from green D to break the upper rail.  That is what we would expect from the E wave of a HT.  It might have a bit more to go before E of 4 is complete but this could reverse back downward quickly as well.  It could also be that this is the C wave that will close the gap at $28 so I would not sell until the trigger occurs.

The sell signal, should it happen, would be the breakdown back into the channel.  Be careful if you are see this because 5th wave after a HT tend to move very quickly.  You could wake up on this coming Friday with the shares well below the lower rail.

If this is a HT, the blue 5 location is likely generous.  5th waves following the HT will usually hit a lower low.

I would certainly set stops at Perhaps 19.95 on this.  If you get stopped out and then a trap door opens up underneath the shares, just wait for the lower rail to be broken on 5 waves down and then buy 2x as many shares (or more) for the same $$.

Nothing goes up forever and nothing goes down forever.  RUSL will have its day but don't fight the EW count and you won't go far wrong.