IMOEX MOEX: The triple top will show the trend change?
IMOEX
On my chart of the index of the Russian stock market IMOEX, we can see a pattern of triple peaks, which signals a trend change. This indicator is reinforced by indicators that signal a coming downward movement, I tried to mark them on the chart. As for me, a good time to open short positions, the idea is relatively long-term, maybe more than 10 days.
For several reasons, I cannot become a member of the Russian stock market, so I wish you good luck, do not forget about stop orders.
Trade closed: stop reached:
Stop-loss was reached, we closed the position.
We strayed from my idea and formed a bull flag that signals a bullish upward movement. I'm not sure that now is a good time to close the deal, as some indicators show oversold and are inclined to the idea of a bearish movement down. Do not forget about stop orders.