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aibek
Mar 19, 2020 3:32 AM

USDRUB to retest the top of Y2016 at 85.90 Long

U.S. DOLLAR / RUSSIAN RUBLEICE

Description

Previous ideas reached the targets (see related).
But this pair didn't fully emerge therefore I expect it to retest the former top of Y2016 at 85.90.
It will be wave 5.
Wave 4 is unfolding now and it could be flat/zigzag or a triangle as in the larger degree preceding correction.

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big chart view

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wave 4 looks done

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wave 4 making double correction
it reached deep 61.8% of wave 3
invalidation below 75.47

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Updated map - we are in a large wave 4 before last move up

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final stage of correction

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