Sberbank market forecast with reviews of the results of technical analysis. 14.08.2022
1.Sberbank (#SBER) market forecast with a local overview of the results of graphical technical analysis of market dynamics from the point of view of Glenn Neely's methodological concept on the hypothysis of Elliott wave with a systematic approach to research.
7. Output.
Since it is established that the market will not form the third phase of correction, our double zigzag (388.11-89.59) is a completed figure. Therefore, the market will not form a new local minimum. That is, it will not fall below the level of 89.59. Here is our forecast. The downward movement on Sberbank (#SBER) is completed.
8. Forecast.
So, it has been established that the Sberbank market (#SBER) continues to move in an upward direction from its local minimum of 89.59.
9. Forecast within the framework of the advanced forecast with a target price of 274.30.
9. Forecast within the framework of the advanced forecast with a target price of 274.30. Schedule period: 1 bar - 3 days.