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RUBEUR

RUBEUR ENDING A BEARISH PATTERN - ELLIOTT WAVE 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. ratio of 1.0 and 0.618. An impulsive recovery above the 0.0148 lvl. would suggest a completed move to the downside, and a bullish advance. Alternate count suggests an impulse to be underway down from 2008, specifically wave 5 of an impulse, which is formed by five sub-waves. Possible support and a turning point to the upside can be near the same levels as for wave y. Take care!
by Gravity33
Thinking WTI new range is probably 60-75$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 tighten supply with volatile dips into the previous range. Many OPEC nations suffer a lot of inflation if dollar goes up so they don't want oil to go up too much so they will prob maximize revenue in this range. Guess that means also targeting short on EUR/USD, but forex is for gay british people who think having a 7 story house is a good thing. Not that I'm triggered by the London housing market, but I am. AND NYC in general. Thank you for coming to my TED talk. Short RUB eur???? #Tom ford #Cara Delevigne #coconut oil is not a food.
FX:USOIL
by Cuddles1997-1999
EUR/RUB Symmetrical triangle. Trends Reversal zones. 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 line), which will act as a support. Pay attention to the main trend and secondary trends. I graphically depicted. Particular attention to the main trend (orange trend line) , not paying attention to the local downtrend now, we are in an uptrend. Breaking down a downtrend secondary trend (triangle resistance, red line) will mean a reversal of the local downtrend and the formation of a new uptrend. The full development of the potential of this triangle is 90%. All the pivot zones on which the formation of one or another potential movement and target depends, I showed on the chart.
by SpartaBTC
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