mazoto

IMOEX MOEX: The triple top will show the trend change?

Short
MOEX:IMOEX   MOEX Russia Index
MOEX: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.
Comment:
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.
Trade closed: stop reached: Stop-loss was reached, we closed the position.

Comments

Show your trade signals on your indicators, not the price chart. You want your signals to be objective and indicator-driven, and not by looking at the price chart (unless you are specifically looking at a chart pattern).
Reply
mazoto Sasquatch_Trader
@Sasquatch_Trader, did I say somewhere that I want my ideas (these are not signals) to be based on indicators? This is exclusively my analytics based on my thoughts, patterns and including indicators. Indicators are also displayed on the price chart. Everyone has a different style of analytics, I do not understand your comment. Sorry.
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