If Rub goes below 60, is the EW count still valid??
Thanks,
Kirill
Mr_Moe
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Kirill, this setup is ok, till USDRUB won't touch 60. I gonna send the alternative sceneries later.
Moe
KK78
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the beginning?? :)
Mr_Moe
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On my view, WTI ( #usoil ) is going to test $40 and $35 in 2 months. Therefore, Russian Ruble is going to test a new High. As you see the first target is 113 RUR per USD.
I'd be happy if you share your view on USD/RUR. Thank you.
KK78
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On WTI: Clearly we are in a new trend down, the RUb is lagging, so will catch up fast
From Feb om wti i can count 5 waves, so it could be Wave A or WXY correctionm therefore I expect at least 50% retracement to 39usd or even .618% to 35.80, then possibly WAVE C to above around 64 usd per barrel next few months
However if we see a bounce from 61.8 and then breaking of .618 to downside it will be oil 26, then possibly 16 usd ... but too early to confirm, its just an option
On the RUb:
72-74, then have to watch the price action, possibly to 100
But then again dont forget that Russian Central Bank will definately support phsycological level of 100 (local elections and political stability etc also as a factor)
Mr_Moe
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Mr_Moe
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Mr_Moe
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KK78
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good one, any consideration for an option for an irreglar ABC from april 2015? Cause I dont see a clear 5 wave down July 2015?
thanks
KK78
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I mean 5th wave finishing August 2015, then Irregular ABC with C finishing JUly 2016
Thanks,
Kirill