Does this suggest War will go end?
A multi-year triangle gives us a clue.
Triangles are one of the most recognizable patterns in the Elliott Wave Principle. As with all wave patterns, they occur at every time scale and the large-degree triangles are especially interesting because they often contain a notable socionomic element.
Large-degree triangles in...
Weekly and monthly RTSI index chart are quite fascinating to study. This time was the third time it bottoms and bounces from the major top from 1997.
RTSI short term target @ 1678
Long term, headed towards new ATH.
My interpretation is that the Russian Stock market has restarted its descend to new lows. Lots of people feel relieved and optimistic today argueing that the market will continue going up despite geopolitics. I looked at the recent advance (propelled by abrupt ruble strengthening) as a bounce. As technically the count has not been completed and there was no...
A closer view of the Russian Market. The triangle is notional and can turn out to be a wxy combination. However, since there was no triangle spotted on the way down so far there is a fair chance we will have it here near the bottom. Given the bigger picture posted previously the chance to load Russian stocks will come somewhere in May or maybe later during the summer.
The Russian market picture is getting clearer with the latest abrupt decline. There is a chance that in the coming years we will see 400%+ growth. As to from when exactly and what stocks to buy - I will cover separately. Stay in touch.
Suffice to say that in an expanding triangle we could expect wave e to travel beyond the a-c-e trendline, hence the sell-off is...
Monday is likely the last day before the crash resumes.
Nothing major ever happens on Thu and Fri that follow the FED meeting, but the week after can easily delivery something funny. The Chinese NY is slowing things down as well, so maybe one more week of idle.
RTS needs to make one minor swing high, ~1450. Then a downside of 1000 points is due.
I usually try to avoid emerging markets, but this chart caught my attention. The last few months have been very difficult for the Russian market, and the news basically only helped to fall even further. However, I think that in 5-7 months or so, there is potential for pullback up to 1700-1900 (if no new sanctions are introduced). On the chart, we see an ascending...