Analysis for March 6th, 2014
Index is still being corrected. Earlier, price completed bullish wedge
pattern inside the first wave. Probably, right now Index is extending
. Instrument may start new ascending movement during Thursday.
More detailed wave structure is shown on H1 chart. After completing zigzag
pattern inside wave (2)
, Index formed bullish impulse inside wave 1
. It looks like instrument is about to finish the second wave and may reach new maximums while forming the third one.
Oil started forming initial impulse inside wave 
, that’s why my yesterdays’ sell order was opened just in time. Most likely, after short pause, price will continue falling down.
As we can see at the H1 chart, wave  of C
turned out to be quite short. On minor wave level, right now price is finishing the fourth wave inside impulse 
. During correction, I opened another sell order. Instrument is expected to start moving downwards in the nearest future.
RoboForex Analytical Department