{"id":47777,"date":"2014-02-24T04:58:07","date_gmt":"2014-02-24T09:58:07","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=47777"},"modified":"2014-02-24T04:58:07","modified_gmt":"2014-02-24T09:58:07","slug":"wave-analysis-24-02-2014-djia-index-crude-oil","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/02\/24\/wave-analysis-24-02-2014-djia-index-crude-oil\/","title":{"rendered":"Wave Analysis 24.02.2014 (DJIA Index, Crude Oil)"},"content":{"rendered":"

Article By RoboForex.com<\/a><\/strong><\/p>\n

Analysis for February 24th<\/sup>, 2014<\/p>\n

DJIA Index<\/h2>\n

After completing bullish impulse inside wave [1]<\/strong>, Index continued its correction. In the near term, price is expected to break local minimum and then start strong ascending movement inside the third wave.<\/p>\n

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More detailed wave structure is shown on H1 chart. Possibly, right now instrument is forming descending zigzag<\/em> pattern inside wave [2]<\/strong>. Earlier, Index formed quite short wave (5) of [1]<\/strong>. Price may continue falling down inside wave (C)<\/strong> during the day.<\/p>\n

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Crude Oil<\/h2>\n

Oil is still controlled by bulls. Probably, right now price is forming ascending impulse inside wave C<\/strong>. Instrument is expected to reach new maximums during the week.<\/p>\n

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As we can see at the H1 chart, market finished the fourth wave inside wave C<\/strong>. On minor wave level, instrument completed initial ascending impulse. I\u2019m keeping my buy order with target at the end of wave [5] of C<\/strong>.<\/p>\n

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RoboForex Analytical Department<\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for February 24th, 2014 DJIA Index After completing bullish impulse inside wave [1], Index continued its correction. In the near term, price is expected to break local minimum and then start strong ascending movement inside the third wave. More detailed wave structure is shown on H1 chart. Possibly, right now instrument … <\/p>\n

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Article By RoboForex.com<\/a><\/strong><\/p>\n