MOEX:HHRU is overheated a bit and time comes for correction. Horizon is near 2350 during 4 months.
Does not constitute a recommendation.
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... Russian labor market is far from being week.
Due to massive wave's extensions beyond classic fibonacci levels, I am not placing big confidence on my EW count, but solely from market price and volume dynamics there is an argument to be made for price starting new advance to at least prior Sep's highs.
Although, I am not a fan of big late-August weekly...