MOEX
RTS intraday prediction.Hello Traders!
Suppose, the bullish impulse will continue.
Powerful Traders take a long position to 131000.0;
(The main invalidation for current price is 129046.0)
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USDRUB Update. Possible wave count. MOEX edition.This is the chart based on official exchange data though it's quite clean without choppy tales.
It is an update.
I added alternative count in yellow, which implies longer wave 5.
The white trendlines isolate the current move successfully so watch their integrity closely.
Happy New Year!
FXMM could be building a bullish 5 wave, or is it really?FXMM continues growth after breaking 1220 resistance. It is building a bullish 5-wave pattern unless it breaks below broken resistance point (dotted red). The bullish momentum can mark the start of the new uptrend that can last for several years and most likely complete wave 5 at 1.618 fib level(1301.09). A bullish breakout above this level could see wave 6,7,8,9 push to the next Fib targets. The support zone 1114.4-1090 stays valid. We most likely will retest this levels if the Elliott Wave pattern breaks. I will recommend to buy a break to the upside, with profit targets based on structure support.