AMEX:RSX is in a interesting point, is fulfilling an ascending wedge inside a ascending channel, is close to a big resistance zone and apparently was rejected.
To determine the SL is necesary see a big pic:
And the situation is more important because is close to the historic minimum and is filling a flat bottom triangle, then will be very to good point to see or take much pips in the next days/weeks... Only patience.
Target 1: 12.05
SL: 18.10
Entry Short: 16.32
Speculative
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Big Pic Long (extreme values)
Target : 20.9
SL: 10.50
Entry Long: 11.63
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Big Pic Short (extreme values)
Target : 0 or -2.65 ( 1.27 fibo) jeje
SL: 12.1
Entry Short: 10.63
To determine the SL is necesary see a big pic:
Target 1: 12.05
SL: 18.10
Entry Short: 16.32
Speculative
--------
Big Pic Long (extreme values)
Target : 20.9
SL: 10.50
Entry Long: 11.63
--------
Big Pic Short (extreme values)
Target : 0 or -2.65 ( 1.27 fibo) jeje
SL: 12.1
Entry Short: 10.63