Analysis for March 26th, 2014
Index is still being corrected. My sell order is a bit in drawdown, but price is expected to complete wave (B)
quite soon. Most likely, in the nearest future market will start falling inside wave (C) of 
More detailed wave structure is shown on H1 chart. It looks like price formed diagonal triangle
pattern inside wave B
. Current chart structure implies that Index finished impulse inside wave C
. in the near term, instrument is expected to start falling down inside wave 1
I’m keeping my sell order. It looks like Oil completed wave 2
and is about to start new descending movement inside the third one. Possibly, price may break minimum of wave 1
until the end of this week.
As we can see at the H1 chart, wave 2
took the form of zigzag
pattern. On minor wave level, market is forming bearish impulse. Price is expected to continue falling down during Wednesday.
RoboForex Analytical Department