Analysis for February 10th, 2014
Probably, Index finished wave 2
in the form of flat
pattern. On minor wave level, price completed initial impulse inside wave (1)
. After local correction, market is expected to start growing up inside the third wave.
More detailed wave structure is shown on H1 chart. It looks like market is falling down inside wave A
. Current correction may yet continue during the next several days, and then I’m planning to increase my long position.
Possibly, Oil completed wave (2)
in the form zigzag
pattern with triangleB
inside it. When price started reversing, I opened sell order and has already moved stop into the black. In the near term, instrument is expected to start falling down inside wave 1
As we can see at the H1 chart, wave B
took the form of skewed triangle
pattern. After price completes impulse inside wave 
and local correction, I’m planning to open another sell order.
RoboForex Analytical Department