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Russia still in flux

23 Dec 2014 ‚óŹ 04:38 AM

The large trend down in wave C of a bear market for Russia is not over. Yes prices bounced back very sharply but mostly we are looking at wave 4 of 3 and wave 5 of 3 down will go to 550 again.

Wave 2 circle was a 4 month affair and a flat. Wave 4 that will form later might also be a multi month affair afterwards but will have a different structure like a triangle or expanded flat.

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