Analysis for April 14th, 2014
It looks like Index completed correction in the form of double three
pattern inside wave 
. Earlier price formed bullish impulse inside wave 
. During the day, instrument may start growing up again and form initial ascending impulse.
More detailed wave structure is shown on H1 chart. It looks like price formed zigzag
pattern inside wave (Y)
. On minor wave level, Index completed impulse inside wave C
, which means that instrument may reverse quite soon.
Oil is trying to start fast descending movement inside the third wave. Several weeks earlier, Oil finished bearish impulse inside wave 1
and then completed wave 2
. I’m planning to increase my short position as soon as market starts moving downwards.
As we can see at the H1 chart, Oil completed zigzag
pattern inside wave [Y] of 2
. On minor wave level, price is starting to form bearish inside wave (1)
. I’ll move stop into the black as soon as market starts moving downwards.
RoboForex Analytical Department