We have reached almost 50 % of the Fibinacci retracement which may cause Yandex to climbr up again.
It's a cross support of better quality here as it comes from different types of studies. Thus it shall hold.
On Friday we closed above the tested twice high since December 2017. It should be a signal for higher prices.
The correction downwards seems to be over and we started to return to the rising path.
The euro spked back into the previous upward channel and shall continue to rise now again.
Silver has confirmed its tendency by breaking the support.
I dan't expected the decline to continue that soon and fast so that now I am expecting a biiger correction down.
The current wave up seems to end at the MA.
We are facing a resistance point here. I am expecting a correction down from here. From its strength it will depend whether it will remain a short lived correction or a renewed downtrend.
The trend is clearly up. The conversion line hs been tested now in an attempt to correct but held as support.
We are building abottom here and may try to renew the upward trend now.
Beeing in an uptrend already we are testing the former March top again which shall be considered to be a retracement within this rising trend.
We have exceeded the usually highest Fibonacci correction level being at 61.8 %. This is a sign of a present strenght of the euro.
We were not able to close the window to the upside. That's why there shall be a correction of this attempt now.
...and the pressure to the upside is growing. Thus I expect a renewed test of the tops now.