baskiton
Long

Sberbank - Not so simple

MOEX:SBER   SBERBANK
Since 2015, Sberbank is in an upward trend. I already met ideas about the end of this trend and going to correction. However I do not agree with them. According to the wave theory, I can not finish the wave 5. And therefore we will continue to move up after a small correction. The end of it I see within the zone 240-246 rubles (allocated in green). Breakdown of the green zone down will mean a complicated wave design "C of 4". In this case, you should wait for the zone to reach 225 rubles (the red arrow on the chart). A quite ghostly variant (red dotted line) is from the current levels to go up and complicate the design. I stick to the "green" version, I will look for purchases there, but go after a clear impulse. I expect a goal of 300 rubles and above.
Trade active: Well, I wrong in wave C. Its structure turned out to be, to put it mildly, not obvious. Okey. We have an excellent impulse, has already managed to trade a bit both on the up and down. By the evening of Friday, the expected correction was observed. From Monday morning, you can open the trading with a confident long. Stop at 254. Good luck to all!
Trade closed: stop reached: It really is not so simple. They dropped significantly below the previously designated end of the wave C. This suggests that the correction is continuing, and the recent rise was a wave of 2 of C.
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