Shorting Lukoil #2020/5Surfing charts I stumbled upon a geometrically clean triangle. Will attempt shorting MOEX:LKOH .
My rules cap exposure to one company at 5% of the portfolio. It limits the risk of this trade to just 0,17% of the total portfolio. Good, because shorting is not my strongest skill + the trade will involve some cost of short selling.
Pattern: triangle in something looking like a 4rth wave.
Exit strategy: 5th wave often equals to 1st wave and also to the widest part of a 4rth wave. Exit with fixed TP.
Horizon: 1 week
