The russian rouble can only go up after completing the consolidation structure! Europe will head into winter now in upcoming months, wonder what that will do to soldiers on the battlefield and general situation.
Hi Elliotticians, RUBEUR can be unfolding a complex pattern on the weekly time frame, known as a double zig-zag down from 2008. There is a completed a-b-c move in w, followed by a completed elliott wave triangle in x, and now a possible three-wave move down for a wave y. Possible support and a rebound can be near the middle parallel channel line and at the Fib....
The shale band is no longer a relevant fundamental talking point. New talking points create a range: Fed/ECB/PBC creating liquidity restrictions on inflation, which creates the top of a range. Opec creates a soft supply support range at top of previous permian band. This means that central banks will aggressively tighten with oil over 75 and opec will vaguely...
Already running a long on this since 89.000 but if not in the trade this retrace offers another chance to enter. Price is now at 0.618 Fibonacci and this aligns with previous structure so if this rebounds from here it is a good long entry. Target remains 92.509 as in the previous post for this pair. SL can be just below 0.786 Fib
This is at a support level which has previously seen this reach the top of a range between 92.500 and 94.000. Before entering any longs we need to see MACD rise above 0 which would suggest this is returning to a bullish trend. Also EMA's cross for long will help confirm this further. If these indicators are confirmed then target is 92.509 with SL just below the...
On the graph, we see a symmetrical triangle that has been forming since 2014. A symmetrical triangle is a figure of uncertainty. The percentage of up / down in the ratio of 50/50. The price is clamped. This year will be the denouement of the global movement. Now the price is in a downward channel , have come close to the trend line of the triangle (green...