Short

Russia ETF RSX Daily Rally Appears to be Completed ABC Flat

To all of my followers - you may not see me publish many Elliott Wave formations, but this one is far too good and far too low of a risk NOT TO publish it.

Take a look at this pattern and you will see what looks like an IDEAL, PERFECT and LOW RISK trade to sell short Russia here.

The rally is a nearly perfect example of a corrective A-B-C flat rally that corrects the impulsive decline into the lows in February.

Finding a pattern like this is exciting and I hope we can all profit from it.

Tim 10:17AM EST 5/15/2014 RSX 24.18-0.35 (-1.43%)
ABCElliott WaveFLAT

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