Sberbank - Not so simple

Apr 3, 2018

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 the green zone down will mean a complicated wave design "C of 4". In this case, you should wait for the zone to reach 225 rubles (the red arrow on the chart). A quite ghostly variant (red dotted line) is from the current levels to go up and complicate the design. I stick to the "green" version, I will look for purchases there, but go after a clear impulse. I expect a goal of 300 rubles and above.

Apr 6, 2018

Trade active

Well, I wrong in wave C. Its structure turned out to be, to put it mildly, not obvious. Okey. We have an excellent impulse, has already managed to trade a bit both on the up and down. By the evening of Friday, the expected correction was observed. From Monday morning, you can open the trading with a confident long. Stop at 254. Good luck to all!

Apr 9, 2018

Trade closed: stop reached

It really is not so simple. They dropped significantly below the previously designated end of the wave C. This suggests that the correction is continuing, and the recent rise was a wave of 2 of C.