RTS Index Futures RI1!

andreww

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.

Fomenka

The price dropped to super strong level of support. It is unlikely to break it at once. The count suggests it will keep trying until the next year or something.

Fomenka

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.

Fomenka

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.

Fomenka

Flipping sides as suddenly I see indications for USDRUB to go up and for XAUUSD and XAGUSD to start sinking. Bulling case looks increasingly stretched.

Fomenka

The story is developing within the previous outlook. My take is that the triangle to be followed by a final thrust before turning lower.

Fomenka

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...

andreww

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.

Fomenka

Looking for a more prolonged topping process since the recent decline came out in 3 wave structure indicating the possibility of an ending diagonal. Also USDRUB futures look poised for correction.

Fomenka

Seems like we are not yet through this cycle. The price has not formed a meaningful pattern.

Fomenka

We need to keep in mind that the market always strives for harmony. Restated count to take the latter bounce into effect

Fomenka

Seems like RTS is getting prepared for a big swing downwards. The price is nicely dancing between the channel walls and MAs (switched them off for clarity).

Fomenka Updated 

Seems like RTS will continue its ascend today. All termination patterns are broken.

Fomenka

I may be worng here, but I have a feeling that this is it, the move is completed.

Fomenka

A smaller timeframe update on RTS index. What seemed to be an ending diagonal transformed into classic waves.

Fomenka

Previous counts have to be recycled. I am not that confident anymore as wave b can keep extending but considering what is happening in USDRUB, the end might be near.

Fomenka

It is emerging that we might still be in a triangle.

Fomenka

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...