Analysis for January 24th, 2014
Correction us taking too much time, but main scenario still implies that Index may start new ascending movement. It looks like wave 
is taking the form of double zigzag
pattern. In the nearest future, instrument is expected to may start new ascending movement inside the third wave.
More detailed wave structure is shown on H1 chart. Probably, Index completed zigzag
pattern inside wave (Y) of 
. On minor wave level, price formed impulse inside wave 1
. After local correction, instrument is expected to start moving upwards inside wave 3
Oil continues moving upwards; Main scenario still implies that price may complete wave (2)
until the end of this week. Right now, it’s too risky to sell and too early to buy, that’s why I’m staying out of the market.
As we can see at the H1 chart, Oil is forming zigzag
pattern inside wave (2)
. On minor wave level, price is finishing ascending impulse inside wave C
. During the next several days, instrument may start falling down inside wave 1
RoboForex Analytical Department