The chart shows a good sign of a stable rally. good time to buy
And RTS also indicates a strong push ahead
RTS confirms the outlook for USDRUB, posting very clear impulse waves.
buy
RTS downside action this week looks better as wave 1 of c of irregular flat correction in larger wave a of 4. We should see strong decline from this levels to confirm this count. I expect to see the through next week.
Expect RTS to go down until early June in wave A of 4.
There might be a third wave ahead. Diagonal is not perfect but the wave relationships and overall look and feel are ok.
sell target 141000 -140000
MOEX:RI1! Short RTS to the index basket
RTSI next global targets 171.170 and 261.010, summer 2021. Long on retest of 155.440. Wait for price push at 15th March.
RTS is yet to finalise its advance.
Here is some thoughts
It is likely that we are starting wave 3 now.
All right. Seems like there will be no selloff today. The market is hinting that it will take a day or two.
...
LIke with USDRUB ending diagonal spotted (rather a channel)
Cannot label out the very first subwaves down. I am basing my judgement on the broken diagonal and overall feeling that the top is in.
Looks like the steam is gone. The diagonal pattern is present. I stay short.
