Wave Analysis 18.09.2014 (DJIA Index, Crude Oil)
18.09.2014
Analysis for September 18th, 2014
DJIA Index
The DJIA Index has reached a new historic maximum and may continue moving upwards. Possibly, wave 5 of (C) may take the form of diagonal triangle, that’s why I’m holding my buy orders with the stop loss below the minimum of the fourth wave.
Crude Oil
Probably, Oil is still forming an impulse inside wave [1] of [A]. In the near term, after completing the fourth wave, the price is expected to start a local growth inside the fifth one and break yesterday’s maximum.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.