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.
[UPDATE]: We are entering the target range.