Analysis for February 18th, 2014
Index is about to start new ascending movement. At h4 chart, price formed two initial ascending impulses. After short local correction, instrument is expected to start forming the third wave.
More detailed wave structure is shown on H1 chart. After completing impulse inside wave (1)
, Index started forming the second wave. Possibly, instrument may break maximum during the day.
Probably, Oil finished wave [B]
in the form of double three
pattern. On minor wave level, wave (Y)
took the form of zigzag
pattern. In the nearest future, instrument is expected to move downwards inside wave 1
As we can see at the H1 chart, Probably, after finishing diagonal triangle
pattern inside wave 
, market formed initial descending impulse. After local correction, instrument is expected to start moving downwards inside the third wave.
RoboForex Analytical Department