Analysis for March 11th, 2013
The market continues growing up. Earlier the Index completed divergent horizontal triangle
inside the fourth wave and at the moment is forming wave  of 5
. The wave is quite far from completion, that’s why we can’t exclude a possibility that in the nearest future the instrument may reach one more historic maximum.
More detailed wave structure is shown on the H1 chart. The instrument is expanding
. On the minor wave level the market is forming the fifth wave, which may continue during Monday.
Oil is forming a descending impulse inside wave 
. On the minor wave level the price is forming the fourth wave. In the near term, the instrument is expected to start moving downwards again and form wave (5) of 
As we can at the H1 chart, wave  of 5
was completed a bit short; the fourth wave is taking the form of zigzag
pattern. I suppose that the price may start forming an initial descending impulse on Monday.
RoboForex Analytical Department