Russian RTSI index

While Covid cases are declining in most parts of the world they remain elevated in the UK even as they reopen. And so goes the case with Russia. And the Russian stock market has been on a tear mainly because of the oil and gas business I guess. The long-term consolidation was a 4th wave mostly given it looks like a triangle. The breakout is a 5th wave bull market and inside that, we are in wave 3 that is extending.