Large triangle could emerge to shape a huge consolidation.
Last wave E down is in progress. The trick is that it could be over already as last wave within a triangle could be short.
On the other hand it could retest the downside support to complete the pattern in the 650-700 area.
This option coincide with my idea that oil and ruble will drop one more time.
After that another strong passing move (impulse) could start there to reach 3000.
Russia ain't gonna die, it will be worth to buy.
Last wave E down is in progress. The trick is that it could be over already as last wave within a triangle could be short.
On the other hand it could retest the downside support to complete the pattern in the 650-700 area.
This option coincide with my idea that oil and ruble will drop one more time.
After that another strong passing move (impulse) could start there to reach 3000.
Russia ain't gonna die, it will be worth to buy.