HHRU - Leading job-search company hints that...

업데이트됨
... Russian labor market is far from being week.

Due to massive wave's extensions beyond classic fibonacci levels, I am not placing big confidence on my EW count, but solely from market price and volume dynamics there is an argument to be made for price starting new advance to at least prior Sep's highs.

스냅샷

Although, I am not a fan of big late-August weekly reversal candle, creating overhead supplies (potential downside pressure from those buyers who bough the Aug's highs and still holding loses), I do like how price finds support on ascending 10w MA line, that coincides with an ideal area for wave "iv" correction's support zone. So from the mid-term bullish price trend nothing is wrong or to be consider abnormal.

스냅샷

Zooming in to the Daily landscape, we may observe, how the selling pressure subsides and price tries to form the right side of the potential "cup". Volume profile looks like how we want it to be with higher selling volume on the left side of the "cup" and higher buying volume on the right side of it. That potentially illustrate that sellers and their shares are being absorb by the buyers, that are starting to dominate moving the price up.

스냅샷

General thesis: until price holds above 50D MA and in particular above 3050 area, at least one more wave to 4300 or even to 4900-5150 resistance zone could be considered. Short/Mid-Term thesis is wrong bellow 4300 zone.

I did started building position in early October, I will consider holding if the price will not move below -3 and -5% from my average cost. I don't have any issues with stepping aside being stoped out and re-entering at the higher prices, if the price so wishes. All I need is tight risk-management parameters and price cooperating with my thesis in timely manner.

스냅샷
액티브 트레이드
Entered on 2nd and addd on 4th of October. Full-position. With average cost around 3550 area
액티브 트레이드
Long. Full position
breakoutbreakouttradingChart PatternselliotwaveanalysisHHRUriskmangementrussiatrendanalyseTrend AnalysisWave Analysis

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