Russell trading setup explained: Buyers react from the blue box area

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 four-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.

Russell Elliott Wave four-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.