I updated the chart as structure changed from earlier pattern (see related).
Double three W-X-Y extended the consolidation.
I think crude oil (see related) will dip again so its natural that USDRUB will move higher for ruble weakness.
Double three W-X-Y extended the consolidation.
I think crude oil (see related) will dip again so its natural that USDRUB will move higher for ruble weakness.
Kommentera:
The pair dipped as planned and we reached blue box area where Y=1-1.272 of W
The reversal is soon
Kommentera:
update
Kommentera:
Updated map here
