$RTY: Next Target

A little deep for a 2, but $RTY has been doing that sometimes lately (deep twos). The 78.6% retracement is the second most common level for twos and we’re there now and it coincides with the green trend line again.

I have noted the target for minute (blue) 3 above.

You can see that the structure looks like a spring, and that’s just what I believe it is, and I believe it will spring to the upside.

RTY


[UPDATE]: We are entering the target range.

RTY

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