Hello Traders! Suppose, the bullish impulse will continue. Powerful Traders take a long position to 131000.0; (The main invalidation for current price is 129046.0) Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market...
A good idea for opening position in short . Now the 5th wave of Wulf. Short from level 1270 & up - here begins the 6 wave. TP 950-900
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 58 SHARE INDICES worldwide (2016 Yearly Performance) @ drive.google.com Best regards Aaron
MICEX (ruble denominated index of TOP 50 Russian shares) and RTS (US Dollar denominated) stock indices demonstrate a clear bullish rally since the US President Election Day, marked as vertical line on the charts. The MICEX index has gained 14,2% since the election to date and 26,7% YTD; RTS performance is even more impressive with 17,7% and 50,9% rise,...
Looks like multi-year downside correction is over. Target for wave C = 1259-1437 (1.272-1.618 of wave A).
According to Elliot wave Principeles and Cycle Analysis
Following the recent oil rally, the Russian equity index has also rallied about 30%. However, this - like the oil rally and the Petrobras rally I posted about - is unsustainable. See my post attached here for why the oil rally is unsustainable. Why is RTS unsustainable? Firstly, it is likely to follow oil's possible move down. Secondly, Russia is still in...