SIH2019 trade ideas
USDRUB.P Long Aggressive DayTradeMonthly context
"+ long impulse
+ SOS level
+ support
- above 1/2 correction
+ volumed 2Sp
+ weak test"
Daily context:
"- short impulse
+ volumed T1
+ support level
+ volumed manipulation"
Hourly context
"- short impulse
+ biggest volume T1 level
+ support level
+ volumed 2Sp"
5M set up
- short impulse
+ volumed T1 level
+ support level
+ biggest volume Sp
+ weak test
+ first bullish bar closed entry
Calculated affordable virtual stop loss
1 to 2 take profit
USDRUB, Si Update USDRUB futures are coiling in something increasingly looking like a triagnle in wave (Y) which would be the most logical copletion of [W ] [X ] [Y ] combimnation of [W ]- flat | [X ]- combination of zigzag/zigzag/triangle | [Y ] - triangle. This last triangle can be bigger though and spill to next week.
🛎️ Si, USDRUB UpdateUSDRUB is expected to head lower. I have restated the count to accomodate somewhat specilative expanding diagonal as wave [A ], driven by the shape of the latest correction that looks like wxy in wave [ B]. I am regularly scorched by other Elliotticians for overusing expanding diagonals that were said to be rare 50 years ago.
🛎️🛎️ USDRUB, Si Weekend 📅 UpdateAs I ebrace further rise in SP500 and RTS I should allow some downside for USDRUB to complete the correction. Based on what I see it is likely to be the ending diagonal. However, this can also be just part of some bigger structure of differently shaped b. Staying short for now.
USDRUB Futures UpdateSeems like the the preious case with a more pronounced correction after triangle in grey has just been ruled out and we are back to the bullish case with a creeping wave 1 as another leading diagonal in a row. Alternatively the grey triangle may still play out, however looking at RTS developments it is unlikely.