My primary expectation is that Russia's ETF will make a new all time low below 8.00. The red dotted line indicates identical time and price span for minute waves c and a (note: chart is in log scale). Price does not necessarily need to follow the same time frame, nor stop at the 1.00 extension, hence the target box below. Negative divergences on momentum indicators would be consistent with at least a price pull-back.
Alternative is that primary wave C has completed (shown with purple count).
Alternative is that primary wave C has completed (shown with purple count).
