Yea so the russian index is not looking good, at the very least im expecting the red death zone to reject hard. I understand 250 target is far away but there is no other relevent support if they start breaking down here. Russian economy is doomed if they don't get passed that red box.
Not legal and financial advice; Any information provided here is only the personal opinion of the author.
RTS was getting hammered at -13% when I made this. Definitely going to be interesting to track. More blood to come, no pun intended.
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. The correction...
Where is safe haven 2022 from this moment? Maybe in China or Russia
RTS is finishing wave a of larger E of the triangle. Trough should be expected sometimes in June-Sept later this year. Short term is bullish in wave b of E.
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...
End of subwave C in wave B in triangle The triangle of death is gradually ending - which will reset the economy of the Russian Federation Hurrah Comrades!
Start subwave D in wave B in triangle The triangle of death is gradually ending - which will reset the economy of the Russian Federation Hurrah Comrades!
EUR will probably go up... Judging by past data russian emerging market is correlated with euro. Russian market is likely to reprice higher than 2008 in terms of usd, so eur will follow this trend.
The bear engulfing candle pattern, appeared after false breakthrought of resistance level, gives strong and confident signal for bear market begining.
My best interpretation after the price action made new high lately.
Forecast made with Timing Solution software
wave 5 of iii has topped. see today spike being wave b of A of flat correction in wave iv. expect a 10-15% correction into early July.
Provided that my count in the USDRUB is correct, this is what can happen to RTS very soon.
This option is more preferable because the fall converges with my expectations about the EUR/RUB, all the waves are poorly formed driving waves, the last moving wave in particular. Accordingly, we need to think about the composition of this index. Consists of: 1) GAZP - 15.00%(Most likely there will be a correction) 2) SBER -13.84%(Most likely there will be a...