If Russian Stock Market (MOEX, RTS) won't go down in january-february the road is open to a 50% gain.
Remember i am not your financial advisor. You are at your own risk. This is not an investment advice.
The near term wave count suggests that a bit more upside can be expected to finish wave . Wave (C) of can come out as a contracting or expanding diagonal. At his point it is difficult to tell the shape of it.
The price has finally left the triangle and I expect swift decline, however nothing major to write home about. I reckon we are still in a bigger triangle and after swift portion of decline we might get entangled in see saw movements.
Based on expectation of continued ascend in SPX500 and USOIL bounce or flat movement I am revising RTS chart to give it more room for completing expanding diagonal. In one of Elliott Wave chats I am critised for allowing expanding diagonals or triangles in my charts as they are supposed to be rare... Well, I just see what I see (I hope it is not I want to see) and...
I see minor correction on RTS.
I am not your financial advisor. Take notice that you are your own risk manager. Information presented here is for educational purposes only. Feel free to comment and pm.
I have checked what Andrey Tsvetkov is saying about RTS and though I do not agree with his count he gave me the idea about smaller triangle (than I used to have) in the middle of the chart. I relabled the count and voila' I have RTS chart consistent with USDRUB futures chart I posted before - Now I am confident in the count again. Though it means that I have to...