Russia

Amidst the geopolitical tensions, the Russian index corrected sharply from the October highs. As per the wave counts, the index has possibly completed wave IV wherein A=C level was achieved after which, the index saw a sharp reversal. The index might see a positive weekly close if it manages above 3436 today. That said, completion of wave IV would mean that wave V can now possibly unfold which can push the index back to the high of wave III and beyond.