Observations from the price action of the Russian Index
I can see a macro long term triangle forming on the Russian index
As the price eventually pushes into the apex it will pop out upwards or downwards
This price movement into the apex may give a clue as to how long the war will last.
If the price moves out of the triangle, before the war is officially over the people in the know maybe telling us that the war is ending. ie if the price breaks the upper or lower trend line
Unfortunately there are many potential years left in this trade before the triangle times out
I notice that if we take the bull case as shown here, if the war was to end then the index could quite easily move back up to the 2011 high giving from todays price level approx. 100% move up.
As most of the world is encouraged not to invest in Russia, when it is allowed this may be a buying opportunity to catch up with the rest of the worlds money markets
However its also interesting to see that the Russian index has not collapsed like many thought would happen, its traded sideways for multiple years.
I can see a macro long term triangle forming on the Russian index
As the price eventually pushes into the apex it will pop out upwards or downwards
This price movement into the apex may give a clue as to how long the war will last.
If the price moves out of the triangle, before the war is officially over the people in the know maybe telling us that the war is ending. ie if the price breaks the upper or lower trend line
Unfortunately there are many potential years left in this trade before the triangle times out
I notice that if we take the bull case as shown here, if the war was to end then the index could quite easily move back up to the 2011 high giving from todays price level approx. 100% move up.
As most of the world is encouraged not to invest in Russia, when it is allowed this may be a buying opportunity to catch up with the rest of the worlds money markets
However its also interesting to see that the Russian index has not collapsed like many thought would happen, its traded sideways for multiple years.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.