Russia

Russia - has been slowly moving in a narrow range getting closer and closer to the top grey line from the 2008 top. the entire pattern still looks like a triangle and a possible top formation long term. Even for a bullish triangle prices have to go back to the lower end of the triangle at least once more. Wave E appears like a wedge triangle, and since then waves 1 and 2 have formed. The next move lower should drive us closer to the lower end in a third wave when it starts.