Upside view remained, I changed labeling as the horizontal structure of the finishing wave
makes me think of an ending diagonal in position of wave (c) of wave A.
The wave B can hit up to (and even beyond) 100% of wave A.
I put 3 arrows upside and 3 arrows downside to show the potential price action levels.
makes me think of an ending diagonal in position of wave (c) of wave A.
The wave B can hit up to (and even beyond) 100% of wave A.
I put 3 arrows upside and 3 arrows downside to show the potential price action levels.
Note
Updated weekly chart USDRUB reached a decision point - above 68 the ending diagonal will be broken finally, it would confirm the upside reversal
Note
Updated labeling - wave 5 postponedNote
We have reached a decision point. Let's see what will be next days.Note
Update. I used Moscow Exchange USDRUB TOM as it is more reliable data.Order cancelled
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.