Fomenka

RTS Update (educational one)

MOEX:RI1!   RTS Index Futures
All right, the educational case is nearing the end. I made a bet that despite the market looks conventionally bullish (consolidating in a triangle on a way up), it is actually bearish.

I have lost some degree of confidence (as the market indeed looks bullish). However the area highlighted by the rectnagle makes me seek out bearish confrimations.

You can see that the current traingle can be twisted either way. That is why understanding previous structures and the bigger picture is so important. 🤞 let's see how this one resolves.

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