Analysis for May 20th, 2013
The Index continues growing up quite fast. It looks like the price is about to complete an ascending impulse inside wave 
. Most likely, the buyers will try to reach a new maximum. After that, the instrument is expected to start a correction.
As we can see at the H1 chart, the price is forming ending diagonal triangle
pattern inside wave (5)
. On the minor wave level, the Index is starting the fourth wave. During Monday, the price may form a correctional flat
We may assume that wave 2
was completed in the form of zigzag
pattern. In addition to that, the bulls did manage to form an initial ascending impulse inside wave 
. After finishing а local correction, the instrument is expected to start a new ascending movement inside the third wave.
More detailed wave structure is shown on the H1 chart. Last Friday the instrument completed wave (5) of 
. Right now Oil is forming zigzag
pattern inside the second wave. After that, the price may move downwards a little bit while forming (C) of 
RoboForex Analytical Department