Analysis for April 1st, 2014
Index is starting new ascending movement. Possibly, wave 
took the form of double three
pattern. Probably, right now price is forming initial ascending impulses inside the third wave. Stop is already in the black. Later instrument is expected to break local maximum.
More detailed wave structure is shown on H1 chart. After completing zigzag
pattern inside wave (Y)
, price formed ascending impulse. Most likely, after slight correction, instrument will continue growing up.
After completing initial impulse inside wave 1
, Oil started new correction. Most likely, the second wave has been already completed and right now market is falling down inside the third one. I’ll move stop into the black right after instrument starts moving downwards.
As we can see at the H1 chart, Oil formed zigzag
pattern inside wave 2
. On minor wave level, price completed bearish impulse inside wave (1)
. Probably, during the day instrument may start moving downwards inside the third wave.
RoboForex Analytical Department