Analysis for February 25th, 2014
On Monday, Index reached new maximum. Possibly, price is starting to form extension
inside wave 
. Stop on my buy order is placed at minimum; I’m planning to open additional orders during the third wave.
As we can see at the H1 chart, after completing bearish zigzag
pattern inside wave 
, Index formed two initial ascending impulses in a row. During the day, instrument is expected to complete local correction and start moving upwards inside the third wave.
After breaking maximum, Oil started new correction, but main trend is still bullish. Probably, price may continue forming ascending impulse inside wave C
. Instrument is expected to reach new maximums during the next several days.
More detailed wave structure is shown on H1 chart. Considering that previous ascending movement took the form of zigzag
pattern, the fifth wave is expected to become diagonal triangle
. Critical level here is at minimum of wave 
RoboForex Analytical Department