Analysis for April 2nd, 2014
Index is moving towards new maximums. Probably, after completing double three
pattern inside wave 
, price started forming bullish impulse inside wave (1)
. Instrument may yet continue growing up for a while, but later market is expected to start new correction.
More detailed wave structure is shown on H1 chart. It looks like price is finishing the fifth wave inside wave (1)
. In the future, after wave (2)
, I’m planning to increase my long position with target in the end of the third wave.
Oil started forming wave 3
. Earlier price completed the second wave, during which I opened my first sell order. During local correction, I opened the second order and later plan to add several more.
As we can see at the H1 chart, wave 2
took the form of zigzag
pattern with triangle pattern inside wave [B]
. On minor wave level, price is completing the fourth wave inside wave 
. Probably, during the day instrument may break local minimum.
RoboForex Analytical Department