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October 18, 2024 Yesterday, the MICEX index closed with a red candle. The correction continued within the expected wave C and reached the upper support zone (today 2770-2772), which was broken and the market closed slightly lower. Today, we expect a test of the collapsed area below. A rebound will signal a continuation of the decline to stronger support levels below 2749 and 2737. This may be a little scary, but you can adjust to your impulses. After the correction, we are now expecting continued growth with the same target of 2850 and 2935. 2850 is an important level here, and consolidation above it should finally confirm a bullish reversal in our market. It retested the key support at 2737. Until that happens, we will wait for continued growth after the revision and achievement of our targets. Interestingly, the oil industry and telecoms lost important support, and the rest of the industries broke out of resistance and almost fell. At the last support. The RGBI index painted another red candle after the gap up, but at the same time updated the level of the previous day. Current situation: CP maintains the growth momentum, and further growth is expected. Today's targets are 6060 and 6249, support levels are 5601 and 5357. Until this is broken, we expect further growth and reaching of targets, and the eurodollar should fall further to the nearest target. 1.077 and 1.0715. Cancel scenario - we return by retesting above the supports of 1.0894 and 10923, where we stopped earlier. This gives gold an opportunity to resume growth with the nearest targets at 1.1038 and 1.1094. Here we expect further growth. Level 2799. Cancel scenario - retest to return to the level of 2666 or below. This could lead to a re-run below the immediate targets at 2580 and 2524. Oil has broken through the support zone (currently 75.05 and the 74.88-74.69 area), testing the upper zone from below and continues to test the lower zone. Let’s look at the execution again. A bounce would signal further downside from the immediate targets at 73.07 and 72.09 before a re-test triggers a breakout towards 70.91 and 67. The upside would again provide room for further gains towards the immediate targets at 79.8, 80.7 and 82.66. The yuan has tested support higher again (13.522 today) and closed higher again. We expect further gains here with 13.767 and 14.03 as immediate targets. Cancellation scenario (breakout via retest of 13.522) – in this case, expect a decline to the nearest targets of 13.36 and 13.142. Bottom line: we expect you to continue trying to grow even after the correction is over. The goals and conditions for canceling the scenario are listed above. Friends, if you liked my analysis, I would appreciate a “plus” by clicking “Like” under the article.