This is what the Russian index resembles. Now it is becoming more clear what the market wants to do. It is a flat correction with A and B being three-wave structures and C being an impulse. The same picture is in UKOIL, while in USOIL the C wave looks fuzzy due to futures switchover at the lows.
In any case, once the correction is over, new lows will be ahead - not just for Russia, but for Crude and SPX as well.
In any case, once the correction is over, new lows will be ahead - not just for Russia, but for Crude and SPX as well.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.