Analysis for September 23rd, 2013
It looks like the Index is still forming diagonal triangle
pattern inside wave 
. On the minor wave level, the price completed the third wave and started a local correction. Most likely, during the next several days the instrument will continue moving downwards.
More detailed wave structure is shown on the H1 chart. Yesterday the price formed an ascending impulse inside wave (3)
. During the next several hours, the price may continue falling down while forming a short wave A
Oil is still forming a correction, which is taking quite a bizarre form. We can’t exclude a possibility that wave (4)
was completed in the form of double three
pattern. However, it has yet to be confirmed.
As we can see at the H1 chart, the price completed a short impulse inside wave [C]
. Expecting the instrument to make a reverse, I opened a buy order. The stop is placed at the minimum, but I’ll move it into the black as soon as possible.
RoboForex Analytical Department