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.
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.
