SBER - To The Bottoooom!

Updated
I see this wave structure. Fundamentally, in confirmation of the development of such a scenario, disappointing news about new sanctions against the Russian Federation is coming out. I have only one question - where we will fall. I'm more disposed to the "blue" level. It will be necessary to look at the internal structure and partially fix on the levels.
Trade closed: target reached
The first target is reached. Fixed profits. But the price can go lower, according to the picture below. Green indicates the area where the price may fall (not more than the wave (3), because it is shorter than the wave (1)). There will look for purchase.
snapshot
Note
All this time I tried to understand what had happened. I had to completely rebuild the structure of the wave A. I found there a mistake in the construction. As a result, brought the following picture:
snapshot
I expect the continuation of the upward correction movement to the level of 230-240 rubles, where I will look for sales. With care, of course. In case I made a mistake again, and correction of A-B-C worked out, and this is the beginning of a new upward movement...
Trade active
Slowly but surely, the price moves to the designated targets.
A 5-wave with a tension in ((5)) wave in the form of a wedge was formed. Completion of the wave "(5) of ((5)) of ((c)) of B" I see in the area of 233.6 - 238.49 rubles. There will look for sales.
snapshot
Trade active
Opened the "short" at a price of 236.5 rub.
Stop-loss at 241.5 rub.
snapshot
snapshot
Trade active
So. We have received confirmation of the development of a deep correction: a 5-wave structure of the wave (a) is formed. I will partially close the position after the right five-wave completion. I leave a small part in case of a wave stretching.
snapshot
Trade active
We have received confirmation of the wave stretching ((5)) of (A). I continue to hold the sale from level 236 with the targets 212-216.
snapshot
Trade closed manually
The wave (1) or (A) is completed or will be completed.
At the moment, I closed the sale for the price 220,30.
I expect a rollback to the level of 226-228-230. To keep sales during this period makes no sense, including because of the commission of the broker for the transfer of the position the next day. I will not enter the purchase and trade in the wave (2) or (B), as it is rather risky, although it is tempting.
snapshot
Trend AnalysisWave Analysis

Related publications

Disclaimer