Elliott wave analysis of USD/RUB (Russian Ruble)

In the current situation, I have two options for the development of events. The first of them (orange) involves the strengthening of the ruble in area 62, followed by devaluation. The second one (gray) says that the devaluation of the ruble has already begun.

The first count will be completely canceled if the breakdown of the orange level (65) is up, the second count is activated, in this place I advise taking longs and converting the remains of ruble savings. Until then, options are possible, but in any of the cases, it remains to watch at the double-digit values of the pair not for long at all.

It only plays in favor of the ruble that money in the world costs nothing, and profitability is high in our market. Investors are accustomed to risks, sanctions are ignored. It has been going on for 4 years. When it ends, no one knows for sure. But it will end abruptly as usual, bursting (see the situation with the rand).