🛎️ RI1! RTS UpdateFlipping sides as suddenly I see indications for USDRUB to go up and for XAUUSD and XAGUSD to start sinking. Bulling case looks increasingly stretched.
RTS
Negative scenario on rts index with deep crab patternsThere are 2 variants both lead to very low values.
But one of them lets ~30% grows first.
Russia - RTS$ Index - Does this suggest War will go end? 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 rallies are bear markets. Sideways movement in nominal terms means that, with consumer price inflation generally positive, in real terms, market value is being lost. Large-degree triangles during stock market rallies are manifestations of a negative social mood. It’s not surprising, therefore, that the ends of triangles often correspond with a news event of a social action that has been driven by this negative mood.
The chart above shows the Russian Trading System Index. This is a free-float capitalization-weighted index of 50 Russian stocks traded on the Moscow Exchange, calculated in U.S. dollars. As such, it takes into account the performance of the Russian ruble as well as the stock market. Since 2008, the index appears to have traced out a multi-year triangle, with the final wave ((E)) down now in operation.
Notice that it was towards the end of the decline in wave ((C)) of the triangle that Russia made its first incursion into Ukraine in August 2014, escalating it further in November of that year.
Fast forward to 2022, and with over 190,000 Russian troops in on Ukraine, another incursion happened. Nevertheless, Russian President Putin states that he has no intention to invade other European countries.
Given the Elliott wave pattern, and what appears to be the waxing anger of the final wave lower in social mood, we take those statements with a bucket-full of salt. This sociometer is anticipating that a dramatic social action it's coming to an end?
HUGE potential on RTS index (188888 on 8.8.18)? I like to trade H&S formations because there is usually a good base for managing a trade. As long as price stays above H&S neckline (>107777) you can long with no fear, no doubts, no panic. Remember that RTSi is a high-risk asset because rush moves sometimes happen, so RM is absolutely mandatory here. There are no simple trades.
RTST Index Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
RTS - short in 2022RTS 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.
RTSI - Long Triangle Of DeathEnd 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!
RTSI - Long Triangle Of Death - UpdateStart 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!
Idex Russia RTS / MICEX in USD Target priceTo 2022 target price by chart pattern, usind next futures for got this movement, look also to USD/RUB for below 70$ target price
RTS on its way to 1480 zone in wave aRTS downside action this week looks better as wave 1 of c of irregular flat correction in larger wave a of 4. We should see strong decline from this levels to confirm this count. I expect to see the through next week.
RTS Index BullishRTSI next global targets 171.170 and 261.010, summer 2021.
Long on retest of 155.440. Wait for price push at 15th March.
Futures on MICEX Index: Technical pullback to DMA(200) is therePossible timeline is the end of Aug '20.
Russian RTS index: Worth to watch itLarge triangle could emerge to shape a huge consolidation.
Last wave E down is in progress. The trick is that it could be over already as last wave within a triangle could be short.
On the other hand it could retest the downside support to complete the pattern in the 650-700 area.
This option coincide with my idea that oil and ruble will drop one more time.
After that another strong passing move (impulse) could start there to reach 3000.
Russia ain't gonna die, it will be worth to buy.
RTS GLOBAL IDEAI'd like to share my thoughts about the current situation on MOEX:RTSI Index as a major stock indicator on the Russian Market. Since 2008 RTS moved under the strong resistance line and was lucky built a support line. Into this triangle we were moving more than 10 years and finally at the beginning of 2019, we broke the resistance line and shown the power to move forward. Now we can build rising channel since July 2014 and based on the Fibonacci line we can identify the next target near 1535 pips. This scenario will cancel if we fall below the channel around 1100 pips.
