Dear guests let me provide you to the trading area these things you see on a chart is the most important parts of our trading sytem. These are Ri, Gd, Br, Si, Nasdaq, Sp, Imoex, so be it rts index, gold index, brent price, dollar-rubble, nasdaq, standart and poors and moscow exchange prices index. As you can see on a charts rts is heading to the upper leg along...
Russian Trading System having a nice bottoming pattern. I think mean reversal trade is justified with an upper fibonacci retracement as a target and a low of the pattern as a stop.
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 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.
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.
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.
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.
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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.
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.
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).
