We see the formed initial wedge. I'm waiting for a rollback to the level of 0.618 Fibo (studying its structure) and get up in a long. More inclined to the fact that this is a wave 1, because I think the previous downward movement is a complete correction. Anyway, we will receive a second impulse.
Since 2015, Sberbank is in an upward trend. I already met ideas about the end of this trend and going to correction. However I do not agree with them. According to the wave theory, I can not finish the wave 5. And therefore we will continue to move up after a small correction. The end of it I see within the zone 240-246 rubles (allocated in green). Breakdown of...
Entry: 148.20 rub 1 target: 180 rub 2 target: 220 rub 3 target: 300 rub Stop-Loss: 129.85 rub
Correction tends to completion. From the level of $406, a rebound may occur with the formation of an upward movement. In this case, the first target will be the level of ~$550. While watching the movement of prices.