Flipping sides as suddenly I see indications for USDRUB to go up and for XAUUSD and XAGUSD to start sinking. Bulling case looks increasingly stretched.
Does this suggest War will go end?
A multi-year triangle gives us a clue.
Triangles are one of the most recognizable patterns in the Elliott Wave Principle. As with all wave patterns, they occur at every time scale and the large-degree triangles are especially interesting because they often contain a notable socionomic element.
Large-degree triangles in...
I like to trade H&S formations because there is usually a good base for managing a trade. As long as price stays above H&S neckline (>107777) you can long with no fear, no doubts, no panic. Remember that RTSi is a high-risk asset because rush moves sometimes happen, so RM is absolutely mandatory here. There are no simple trades.
RTS is finishing wave a of larger E of the triangle. Trough should be expected sometimes in June-Sept later this year. Short term is bullish in wave b of E.
End of subwave C in wave B in triangle
The triangle of death is gradually ending - which will reset the economy of the Russian Federation
Hurrah Comrades!
Start subwave D in wave B in triangle
The triangle of death is gradually ending - which will reset the economy of the Russian Federation
Hurrah Comrades!
RTS downside action this week looks better as wave 1 of c of irregular flat correction in larger wave a of 4. We should see strong decline from this levels to confirm this count. I expect to see the through next week.
