After a downtrend, we have a double bottom pattern which is a good reversal signal ! Wait for average breakout as entry confirmation ! Best of Luck !
I like to trade H&S formations because there is usually a good base for managing a trade. As long as price stays above H&S neckline (>107777) you can long with no fear, no doubts, no panic. Remember that RTSi is a high-risk asset because rush moves sometimes happen, so RM is absolutely mandatory here. There are no simple trades.
To be, or not to be, that is the question: Whether 'tis nobler in the mind to suffer The slings and arrows of outrageous fortune, Or to take arms against a sea of troubles, And by opposing end them? To die, to sleep; No more; and by a sleep to say we end The heart-ache and the thousand natural shocks That flesh is heir to, 'tis a consummation Devoutly to be...
A radical interpretation of what is going on in the Russian market. I expect volatility to rise again. The chart also correlates with my thinking on the US and Gold markets.
The chart shows a good sign of a stable rally. good time to buy
To 2022 target price by chart pattern, usind next futures for got this movement, look also to USD/RUB for below 70$ target price
RTS confirms the outlook for USDRUB, posting very clear impulse waves.
RTS downside action this week looks better as wave 1 of c of irregular flat correction in larger wave a of 4. We should see strong decline from this levels to confirm this count. I expect to see the through next week.
Expect RTS to go down until early June in wave A of 4.
There might be a third wave ahead. Diagonal is not perfect but the wave relationships and overall look and feel are ok.
Buy at 144500 level to gain 3,5% next week. Oil prices -8,5% yesterday will rebound and sanctions about US-RU will be no relevant more.
RTSI next global targets 171.170 and 261.010, summer 2021. Long on retest of 155.440. Wait for price push at 15th March.