RTS UpdateWave 1 (circle) was shallow. By the rule of alteration, we can expect wave 4 to be deep. That also implies an extended and emotional wave 3 (to create the room for wave 4)
RM1! trade ideas
RTSI UpdateRTS is channelling and is likely to reverse before touching the upper trendline of the channel.
RTSI UpdateYa, no super confidence now, as the price smashed my shorts too often too much lately. However, the gap is closed, the price is knocking at the resistance and the count, and diagonal pattern on lower timeframes all say the bounce is over. Still need to sort out the bigger picture. It is a bit unclear at the moment. Or wait until it gets itself clear.
RTS Bigger PictureI feel quite strongly that RTS is in a steep downtrend. New lows on the chart are compounded with a new low on RSI. We shall expect even lower lows very soon.
RTS Update Short-TermIt looks like RTS has just completed wave 4 (before US ballot results announcement) with a simple ABC, with wave 5 of C coming out as an expanding diagonal confirmed by RSI divergence. This is a perfect setup. The timeframe is a bit too low but hey looks good. The tip of the wave 4 is marked with bearish candles on every timeframe starting from 1 min to Daily.
RTS UpdateJust watching the action and revising the count as waves unfold. If it goes as projected, there will be a nice short set up from the resistance area.
RTS Ha... I think I nailed it. Wave 1 just a hair-thin shorter than wave 3. This promises extended wave 5.
RTS UpdateThis chart I am not so confident about. I keep big shorts on the index and therefore need to keep evaluating what is happening to keep my perspective in check.
Despite being uncomfortable with the immediate interpretation, I think the trend is far from being over.
RTS UpdateUnsure about the bigger count. This expanding diagonal in wave 5 could have marked the end of C and W and we are now in X.
However, I incline to believe we just ended 1st wave of C and freefall will start soon together with the broader market.
RTS UpdateRussian Market is also likely stuck in a sideways movement for now while gold and SP500 are working through their corrections.
RTS UpdateThe index behaves like this is only the beginning. Though sharp counter-trend rallies are possible. Especially expecting the one in gold and US stocks.
RTS UpdateWaves analysis tells that we are possibly in the 3rd of c, which should be sharp and scary.
RTS UpdateRTSI seems to align with US indexes and is completing its abcde formation which turned out to be nice and round.
