Analysis for March 25th, 2013
The Index continues moving upwards. After the market opening the bulls reached a new historic maximum. During the week the price is expected to continue growing up inside wave  of 5
More detailed wave structure is shown on the H1 chart. It looks like the Index is forming diagonal triangle
pattern inside the fifth wave (5)
. During the day the instrument is expected to continue forming zigzag
pattern inside wave 3
We may assume that Oil started a new correction. We can’t exclude a possibility that wave 
is taking the form of zigzag
pattern. During the next several days the bulls are expected to continue pushing the price upwards. During the correction I’m planning to open a limit buy order.
As we can see at the H1 chart, wave (B)
was finished in the form of double three
pattern. On the minor wave level the price is forming a bullish impulse inside wave 1.
After a local correction Oil is expected to continue growing up and forming the third wave.
RoboForex Analytical Department