IMOEX MOEX: The triple top will show the trend change?

On my chart of the index of the Russian stock market IMOEX, we can see a pattern of triple peaks, which signals a trend change. This indicator is reinforced by indicators that signal a coming downward movement, I tried to mark them on the chart. As for me, a good time to open short positions, the idea is relatively long-term, maybe more than 10 days.

For several reasons, I cannot become a member of the Russian stock market, so I wish you good luck, do not forget about stop orders.

Note

We strayed from my idea and formed a bull flag that signals a bullish upward movement. I'm not sure that now is a good time to close the deal, as some indicators show oversold and are inclined to the idea of a bearish movement down. Do not forget about stop orders.

Trade closed: stop reached

Stop-loss was reached, we closed the position.

mazoto

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mazoto