aibek

aibek Updated 

We got the first leg down (A) of the second drop ((W)) to complete the big consolidation (((4))). I expect the retracement (B) to emerge soon to reach between 41.60 and 42.20 I highlighted the historical pullback with green ellipse for sample. Another drop down (C) could undershoot at 37.51, ((Y))=((W)) or overlap beyond the terminal point of wave ((W)) below 36.99.

aibek Updated 

The corrective structure of double three WXY has been completed and we got the first impulse up. It should be retraced in wave 2 and then the rally will resume. Target area is in the blue box in the 18.80-19.30 range.

aibek

The earlier idea could be completed as structure gets more complex with possible double three WXY to emerge. The drop into blue box should occur then to make a wave X retracement. Then the metal could hit 22.50 when another zigzag up in wave Y unfolds.

aibek Updated 

I see Brent Crude lower (see related) therefore I think the USDRUB will move higher making a retracement. How deep it will be is a guess depicted with the blue box between 75.50 and 77.20 so far.

aibek Updated 

It looks like that the index has finished the correction around 61.8% Fibonacci retracement. Now it could drop to the bottom of the range within a large complex correction

aibek

The correction that I expected earlier (see related) could be over already with shorter wave Y. The final confirmation trigger set at 29200. The target is 51300.

aibek Updated 

The price failed to tag the former top of 43.40, but it's ok and the huge flat correction goes as planned (see related). We got move down and almost full retracement of it in place. Another drop is pending to complete the correction. The minimum target is located at the former low of 36.99.

aibek

There is a sideways consolidation emerged as possible double three WXY. Another drop is pending before reversal.

aibek

The wave (4) has been completed as per the plan (see related). The wave (5) could be extended and of the same size as wave (3) and it can hit the all-time high and even higher level of 1965.

aibek Updated 

Current consolidation is a classic flat within double three WXY (white labels). Which is in its turn is the wave ((X)) of the larger yellow degree - the junction between ((W)) and ((Y)). After it gets completed another drop would follow to hit the blue box between 32.90 (38.2% Fib) and 29.70 (50% Fib).

aibek

Trendline analysis and Wave analysis perfectly complement each other here. The breakout to the upside was followed with the classic pullback to the broken resistance. It was wave (W) and (X). Another rally in wave Y is expected to kick-off to tag the former top of 13880. There will be even more room to the upside to overthrow that peak as wave (W) was long and if...

aibek Updated 

The current move up is not an impulse as its 1-2-3 maybe (A) of yellow ((X)). Then the correction gets more complex and we will get stuck in the 43.40-36.99 range.

aibek Updated 

This could be more simple - just a zigzag wave (C) could be underway then. It could hit at least the 61.8% of (A) = 39.77 or just below the terminal point of wave (A). It can go deeper to hit 38.40 where (C) = (A). Watch reaction in blue box.

aibek Updated 

The target from my last update for this idea was reached at 43.40 - exactly to the tick. I think it's just lucky coincidence )) Now the market is consolidating within 39.84-43.40 range. We got sharp wave (A) down in place, which hit 39.84; now the wave (B) is underway. It could retest the former top of 43.40. Let's see.

aibek Updated 

The French index started second leg of double three WXY correction with wave Y, which could hit 5140. This level represents the equal distance of Y=W and also the 61.8% Fib (5166).

aibek

We can hit between 80-100 in wave B to retrace 50-61.8% of wave (A), then down to tag the wave (A) termination point.

aibek Updated 

It could be a-b-c double zigzag in large wave A. We got a and b in place and wave c already kicked off. It's amazing that the trendline support wasn't broken yet.

aibek Updated 

This is a hot trading opportunity as price could retest the all time high. +45% from the current level