artemfedorov

artemfedorov Updated 

MAGN had a nice run since Oct22 advancing +157% since the bottom to recent Sep's top. Is the rally over, or do we have at least one more advance potential? My technical thesis supports the latter. I don't have high confidence in my ElliotWave count on this chart, due to price extensions beyond classical fibonacci levels, but from pure price and volume...

artemfedorov Updated 

... to be payed. Although the decision is not yet certain due to redomiciliation of head-company Evraz not yet launched by the management, my ElliotWave projection and price and volume analysis, shows that at least one more move higher to Aug's high and even beyond to 430-460 area could be considered by local short-term swing traders and or even position...

artemfedorov Updated 

VRT has been up more than 200% since late April 2023 bottom, demonstrating key true market leader characteristics in terms of price advance, volume profile and fundamentals. Look at how well and orderly price was following along the 8 EMA and later 21 EMA since the break-out from a large 195 days base (with two unfilled gaps first in Apr and in later in...

artemfedorov

YNDX has landed perfectly into the lowest border of my ideal support zone of my wave (iv) projection. Until 2320 holds, I will expect the price to: 1. Move above the short-term 8/21 EMA and long 50D MA and 10W MA; 2. Form the right side of the cup with buying volume predominating above any selling volume; 3. Any low-cheat/cheat or handle area break-out pivot to...

artemfedorov

While it is to early to suggest, that price is prone to the break-out above 2.60 pivot. It fine to acknowledge this potential, due to favourable price and volume profile. Notice the prevalence of good weekly closes on a substantial pick-up in volume in comparison with down weeks being on much lesser volume week by week. It is yet to early to suggest the three...

artemfedorov

My macro work on Russian MOEX Index illustrates how ElliotWave in conjunction with major fibonacci retracements can be useful in providing the context or the operational frame work for every investor and trader to operate and execute one's strategy. Starting from the market Oct'98, we may observe how the price structure has accurately finished its cyclical...

artemfedorov

From a both, technical and fundamental perspectives, It looks like Russian metalurgic and extraction complex sets-up for the next wave higher in this Q4, or maybe early next year. Maybe it is because of rubble current and future potential weakness, or because of the dividend that these companies (CHMF, MAGN, NLMK etc) pay or are planning to, we may observe...

artemfedorov

Weekly macro perspective has a nice diagonal pattern, that respects key support and resistance zones. Although it is hard to definitely state that primary wave 4 has found its bottom in Apr23 due to its relatively short timespan within the macro structure. But as I a low-risk trader I am not concerned with the overall wave pattern, but with what price and...

artemfedorov

My ElliotWave (EW) analysis on NXSN shows that price has approached meaningful mid-term resistance zone at 2352-2627. If my technical thesis holds, price shall start digesting its 250% rally from Oct'22 bottom in near term, finishing its wave iii and starting corrective wave iv. Important and ideal EW support zone for this potential correction is 1760-1472, that...