For example, in this case, we see the Russell 2000 now reaching the vicinity of the 161.8% Fibonacci Extensions of the following noteworthy recent declines. That is, the RUT is now above the top of the declines by a margin equal to approximately 61.8% of the respective ranges of the declines:
The 161.8% Fibonacci Extension of the 2015-2016 Decline ~1514
The 161.8% Fibonacci Extension of the recent July-August Decline ~1516
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