Again false DOWN trend breakout?
RTS is the sibling of Crude, but the reason I picked RTS for the analysis is because it shows much more vividly the details of the correction that we are in since 2008, offering a good view on the potential bounce opportunities in H2 2016 as well as on the massive decline that is still ahead. I believe the correction in Crude and in the related indices that...
EUR/USD has now only two Fixing Rate Gaps. If it would fill the lower Gap, next move would be upward to fill the Gap (1.38--1.39) ? I am not sure about this, however it is a possible assumption. Nikita FX (climbingfx.jugem.jp )
This Chart is USD/JPY's Fixing Rate and its Gaps (Green Circle Dots). USD/JPY should fill these Gaps. Therefore firstly Lower Gap(109.37--110.48) should be filled, and it would go higher in order to fill those higher Gaps. Short for short-term, and Long for long-term. Nikita FX (climbingfx.jugem.jp )
Brent clocked 5-month high of $46.10 and trades around the same in early Europe today. Markets ignored a record high weekly inventory buildup reported by US government and cheered IEA’s forecast of sharp drop in non-OPEC output in 2016 Formation – Rising channel Resistance – $46.47, $47.65, $47.97 Support – $44.90, $43.32, $42.51-42.27 Brent’s day end...
MOEX - LUKoil (LKOH) Can be filling a bottom triangle, in the next weeks we can see if the pattern is filling, to go down for 2050/2100 zone and continue bull to 2500 and then continue to break short the triangle. following the fibo. Ideas, comments and corrections. They are always welcome
Divergence on Daily. Double top on 1h. Trying short sales...
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 -...
It seems that the 2nd wave is done and we're going to see 107 rubles per dollar in 10 weeks.
Optimistic scenario for the pair (if we will see Triangle)
Considering UP trend, we expect breaking horizontal Triangle UP in direction to Purple Flag target zone. Green Key support is critical for this idea. So work in direction of Triangle breakout ...
Horisontal Traingle. BUY/Sell the breakeout. Selling is primary scenatio (divergence, price below EMAs, V-top). Better to wait confirmation...