Analysis for January 16th, 2013
The current chart structure implies that the Index may have already completed wave 
in the form of double zigzag
pattern. On the minor wave level the price is finishing wave C
. We can’t exclude a possibility that in the nearest future price may make a reverse and start falling down inside the first wave.
As we can see at the H1 chart, the Index is forming (or has already formed) diagonal triangle
pattern inside wave C
. Most likely, the instrument will continue falling down inside wave 
during the day.
It looks like the price is finishing an impulse inside wave(C
, it pattern needs one more ascending wave to be completed. We can’t exclude a possibility that the instrument may break a local maximum during Wednesday and then make a reverse.
As we can see at the H1 chart, the instrument is forming diagonal triangle
pattern. On the minor wave level the market finished the fourth wave. Most likely, in the nearest future the price will start moving upwards and forming wave (5) of 
RoboForex Analytical Department