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Phoenix_Gruppe
Aug 3, 2023 9:24 PM

USDRUB ~ 118 Long

U.S. DOLLAR / RUSSIAN RUBLEICE

Description

After strong strengthening, the ruble again went looking for a bottom, which it does not have. At the moment of the high, near the top, the Central Bank of Erafia introduced a spread of about 30 rubles, so the top should be considered ~ 158

Taking into account that the correction started with an impulse, according to the Wave Theory this is only the first part of the zigzag called A.
The nearest reversal level is ~ 103
Strong reversal range ~ 114-118.
Comments
TAMERQ
What do you think will happen next according to Zigzag theory since rub reached 102.5 and reversed. Thank you!
Phoenix_Gruppe
@T2021q, I don't see the ruble turning around yet. At the moment it is only a local correction of the ABC
TAMERQ
Great work!
Phoenix_Gruppe
@T2021q, Thanks for your feedback - see my others ideas
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