RTS Index

A flat correction in the Russian index, advancing in the C wave

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This is what the Russian index resembles. Now it is becoming more clear what the market wants to do. It is a flat correction with A and B being three-wave structures and C being an impulse. The same picture is in UKOIL, while in USOIL the C wave looks fuzzy due to futures switchover at the lows.

In any case, once the correction is over, new lows will be ahead - not just for Russia, but for Crude and SPX as well.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.