Yah, I know the triangle is far from being perfect. But I start to think it is just the way the modern markets are. Ending diagonal labelled (5) at the top was also ugly.
Russian equities look really good at the end of 2020 & 2021-2025! We take into account declining dxy and rising em currencies, sector rotation and increasing demand for commodities in china, with a favorable pace of capex L-shaped recovery in the energy sector... we also expect reduction of political risks in Russia more, than in other em... the recovery of the...
The important level 1290 has been both support and resistance at various times. During the week, I expect the price to change in the area of this level with the possibility of going down to 1233 and even to 1190. For upward growth, volumes are needed, which it doesn't have yet.
RTS- the opportunity is a SHORT with pricing collapsing to the yellow zone and then huge potential falling of the cliff to the blue zone. as the crash unfolds and i have more data i will have a better outlook in prices falling to the blue zone
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
