Elliott Wave analysis: Russell 2000 futures (RTY) advancing in wave (Five) [Video]
|The short-term Elliott Wave analysis for the Russell 2000 (RTY) indicates a five-wave impulse cycle from the May 23, 2025 low. Wave (1) peaked at 2296.5. Pullback in wave (2) corrected to 2146.8. Wave (3) surged to 2510.3, as shown on the one-hour chart. Dips in wave (4) formed a zigzag correction. Wave A dropped to 2448.5, wave B rose to 2459, and wave C fell to 2412.15, completing wave (4).
Russell 2000 (RTY) – 60 Minute Elliott Wave technical chart
The Index resumed its rise in wave (5). Wave 1 reached 2468. Wave 2 dipped to 2424.7. This wave subdivided into a double three structure. Wave ((w)) ended at 2428.7, wave ((x)) at 2457, and wave ((y)) at 2424.7. The Index then advanced in wave 3 as an impulse. Wave ((i)) hit 2473.2. Pullback in wave ((ii)) corrected to 2448.5. Wave ((iii)) climbed to 2515. Wave ((iv)) fell to 2486. Final wave ((v)) peaked at 2518.5, completing wave 3. Wave 4 corrected as a zigzag, ending at 2464.6. As long as the 2412.15 low holds, dips should find support in a 3, 7, or 11-swing pattern. This suggests more upside soon. The Index remains poised for further gains if the pivot holds.
RTY – Elliott Wave technical video
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.