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.
What is the maximum price level it will reach? We don't have an answer to this question and we don't know how to find it. Then at least find out to what minimum level the market will rise? But this question can be answered.
It is known that all completed corrective figures, with the exception of certain ones, always roll back at least 61.8% of their length.
Our double zigzag is complete and not an exception. Consequently, it will roll back at least 61.8 of its length.
Having carried out the corresponding measurements, we get the target price - 274.30.
Therefore, our forecast is as follows: in its ascent from the local minimum of 89.59, the Sberbank market will reach the price level of 274.30.