JFD_Research

Russia Trading System Index - Daily - Bounce or break?

MOEX:RTSI   RTS Index
Trade Alert.

This could be an interesting trade. Either a break or bounce.
If the support line will start to break, then there is a chance to see this index moving a bit lower, towards the test of the downwards moving trendline from above.
Alternatively, a strong bounce could mean that we could wipe out the recent highs at around 1205 and move higher.

Don't forget your stops.
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.