MoodandMarkets

Endless post corona rally

Short
MOEX:RTSI   RTS Index
Near the .618 Fibonacci retracement level. Just filled the gap. I expect to see a reversal pattern and strong selling pressure. Strong but much weaker than in March and the bottom should be higher a little bit.

The rising could continue but it is less probable and the falling line will be strong resistance
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.