Russia has concentrated large amount of military units near Ukraine, so maybe actual military actions should correspond to break higher of 82-86 level.
But this breakout can be done artificially, thus avoiding many unnecessary casualties.
This was in newest history once, when Crimea was annexed without a shot. On the other hand, some time after there were active skirmishes during corrections, and some amount of levels breakthroughs is in line with key takeovers by Donetsk rebels or Ukrainian armed forces.
Some cherry picking is on the graph.

As an additional "pro" for artificial breakthrough: actual loss of military vehicles will inevitably lead to new war vehicles production and thus to empowering new war conflicts. So you ESG investors should be interested most in outcome where all tanks and weapons return back to rot in warehouses.
Fundamental Analysis

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