Analysis for April 22nd. 2013
It looks like the Index finished the fourth wave. Earlier the instrument finished wave (5) of 
in the form of diagonal triangle
pattern. Most likely, the price will break the maximum while forming the fifth wave during the week.
As we can see at the H1 chart, wave 
took the form of double zigzag
pattern. On the minor wave level, the market is forming an initial ascending impulse. After completing a local correction, the instrument is expected to start a new ascending movement.
Oil is moving downwards inside wave E
. On the minor wave level, the market is being corrected inside wave [B]
. During Monday the instrument is expected to grow up a little bit, but later it may start continue moving downwards inside wave [C]
More detailed wave structure is shown on the H1 chart. It looks like wave [B]
is taking the form of zigzag
pattern with wave (B)
inside it. In the near term, the price is expected to start a new ascending movement wave (C) of [B]
RoboForex Analytical Department