Ri longUpon reaching level 1, a long trade with a target of 100,000 is initiated with the objective of updating the local maximum.
We are awaiting a correction to the level of 99,000. Should the maximum of n1 be exceeded in an upward direction, we will commence a long trade with the target of reaching 103,300.
RIH2022 trade ideas
Big picture simpleDear guests let me provide you to the trading area these things you see on a chart is the most important parts of our trading sytem. These are Ri, Gd, Br, Si, Nasdaq, Sp, Imoex, so be it rts index, gold index, brent price, dollar-rubble, nasdaq, standart and poors and moscow exchange prices index. As you can see on a charts rts is heading to the upper leg along with gold while brent price is lagging but confirming the trend. Si is showing weakness let us speculate this is of no good use yet. Meanwhile nasdaq and standart and poors is heading to the mean reversal area and moscow exchange prices are tanking forward. What does it tells us investors? To think of it if you believe in upwarding commodities cycle you can buy rts, gold or oil while hedging your position with si and if you think commodities cycle is done you can buy imoex, standart and poors or nasdaq. To do this you need to calculate prices of the said instruments in the relation to your trading strategy and do your investments accordingly to what you has calculated. We hope this is enough for the quick tutorial we will look forward to make later posts better enjoy and comment please.
๐๏ธ๐๏ธ RTS Weekend ๐
Update Based on expectation of continued ascend in SPX500 and USOIL bounce or flat movement I am revising RTS chart to give it more room for completing expanding diagonal. In one of Elliott Wave chats I am critised for allowing expanding diagonals or triangles in my charts as they are supposed to be rare... Well, I just see what I see (I hope it is not I want to see) and I think we live in rare times where rare forms are the norm. Once we are through this ambiguity in the markets they will again become rare.