FXMM continues growth after breaking 1220 resistance. It is building a bullish 5-wave pattern unless it breaks below broken resistance point (dotted red). The bullish momentum can mark the start of the new uptrend that can last for several years and most likely complete wave 5 at 1.618 fib level(1301.09). A bullish breakout above this level could see wave 6,7,8,9...
OPEN 83400 STOP 82400 FIRST TARGET 85500 SECOND TARGET 87500
the formation is clearly chart, strong and well reflectedthe possibilities are in place, and speculatively possible future ruled only the truth.
Since the index fell for several days , there is a very good chance to win back losses . Where exactly ? Hard to say... Firts target 88000 .Stop loss will be moved in the direction upwards . The stop will slide and placed under the lows
MOEX while the stripes on the expansion will stall in both bands necessary Long when you roll back. www.youtube.com