US Russ 2000
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Which High is ACTUALLY HIGHER ? Which Low is ACTUALLY LOWER ?

Updated
Sometimes a series of HIGHS or LOW have virtually the same PRICE, … So what can a TRADER do ???
First a little back ground, In real simplified terms; The prices printed on the Russel Index (or any Index or stock) represents the Russel’s “intrinsic value” multiplied by the “relative value” of the dollar.
Therefor the background price action of the dollar actually distorts the price action displayed on the Russel index which is derived from stock dollar values.
Most of the time this distortion is negligible but sometime it’s not, .... particularly when the dollar has big swings or the index or stock is trading sideways or near bottoms and tops.

A simple trick to resolve this dilemma is to remove the influence of the dollar from the equation. You can do this in TRADING VIEW by dividing the index or stock by DXY.
This will then print for you a closer wave pattern resembling the real intrinsic value / momentum behavior of the underlying Index of Stock.
For example: Note the subtle changes on the Russel Index chart pattern from LEFT to RIGHT after the influence of the dollars was removed.

Hopes this helps.
Note
snapshot
This simple but powerful trick is also helpful when analyzing a stock or index relative to another index or stock. The most common measuring stick used by Trader is the S&P500 Index, or the ETF; SPY or VTI, but there’s no need to limit yourself here, you could choose any measuring stick (Stock or Index) to measure the relative performance of a series of stocks or index’s , with sometimes very revealing results.
For example, THIS chart shows the performance of the Russel Index relative to the S&P500 Index. What emerges is a very clear pattern which was otherwise hidden.
Note
FYI/ Regarding the RUSSEL/SP500, I do believe we have one more low to complete the C-Wave lower...but that's just my opinion
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