Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of RUSSELL Futures $RTY_F published in members area of the website. RUSSELL made a clear 3-wave move down from the 3068 peak and completed the correction right at the Equal Legs zone. In the following text, we will explain the Elliott Wave pattern and the trading setup.
RUSSELL Elliott Wave 4 Hour Chart 07.29.2026
RUSSELL is showing a clear 3-wave correction from the peak. The price is reaching the extreme zone at 2901.69–2822.28. We don’t recommend selling RTY_F and prefer the long side from the marked Blue Box (buying zone).
We expect Russell to ideally make either a rally toward new highs or, alternatively, a 3-wave bounce. Once the bounce reaches 50% Fibonacci retracement against the ((x)) black high, we will make the long position risk-free by moving the stop loss to breakeven and taking partial profits.
The current view suggests that we may only be ending the first leg of the proposed pullback. Regardless, the right side remains the bullish side, and the Blue Box presents a valid trading setup.
Our strategy allows us to enter trades from the current area and make them risk-free as soon as the corresponding bounce develops.
Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.
Quick reminder on how to trade our charts :
Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable.
RUSSELL Elliott Wave 4 Hour Chart 07.29.2026
RUSSELL found buyers right at the Equal Legs zone at 2901.69 and produced a very good reaction from the Blue Box Area. Consequently, any long positions taken from the zone should be risk-free by now.
The 3068 level is important at this stage. We would need to see a break above that high to confirm that the next leg is in progress.
You can check the latest charts and target levels in the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swings. These are listed in the Sequence Report, and the best ones are shown in the Live Trading Room.
Keep in mind that the market is dynamic, and the proposed view may have changed in the meantime. Our member chat rooms are open 24/7 and provide ongoing expert guidance on market trends and Elliott Wave analysis. Members are encouraged to ask questions about market structure and technical setups at any time.
