{"id":50768,"date":"2014-05-12T07:07:32","date_gmt":"2014-05-12T11:07:32","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=50768"},"modified":"2014-05-12T07:07:32","modified_gmt":"2014-05-12T11:07:32","slug":"wave-analysis-12-05-2014-djia-index-crude-oil","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/12\/wave-analysis-12-05-2014-djia-index-crude-oil\/","title":{"rendered":"Wave Analysis 12.05.2014 (DJIA Index, Crude Oil)"},"content":{"rendered":"<p><strong>Article By <a href=\"http:\/\/RoboForex.com\" target=\"_blank\"><span style=\"text-decoration: underline;\">RoboForex.com<\/span><\/a><\/strong><\/p>\n<h2>Analysis for May 12<sup>th<\/sup>, 2014<\/p>\n<p>DJIA Index<\/h2>\n<p>Chart structure is still bullish. Probably, after completing <em>double three<\/em> pattern inside wave <strong>[2]<\/strong>, Index formed initial ascending <em>wedge<\/em> pattern inside wave <strong>(1)<\/strong>. In the near term, correction inside wave <strong>(2)<\/strong> may continue.<\/p>\n<p><img decoding=\"async\" style=\"width: 549px; height: 489px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/12\/djiaw1.png\" alt=\"\" \/><\/p>\n<p>As we can see at the H1 chart, After rebounding from upper border of <em>wedge<\/em> pattern, market formed bearish impulse inside wave <strong>A<\/strong>. It looks like right now Index is finishing <em>zigzag<\/em> pattern inside wave <strong>B<\/strong>. In the near term, instrument is expected to move downwards inside wave <strong>C of (2)<\/strong>.<\/p>\n<p><img decoding=\"async\" style=\"width: 546px; height: 486px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/12\/djiaw2.png\" alt=\"\" \/><\/p>\n<h2>Crude Oil<\/h2>\n<p>Probably, Oil continues forming the third wave. On minor wave level, price is being corrected. I\u2019m planning to open sell order right after instrument starts falling down inside wave <strong>[3]<\/strong>.<\/p>\n<p><img decoding=\"async\" style=\"width: 549px; height: 475px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/12\/crude1.png\" alt=\"\" \/><\/p>\n<p>More detailed wave structure is shown on H1 chart. Probably, price formed <em>wedge<\/em> pattern inside wave <strong>(A)<\/strong>. In the near term, Silver is expected to complete local correction and start moving upwards inside wave <strong>(C) of [2]<\/strong>.<\/p>\n<p><img decoding=\"async\" style=\"width: 550px; height: 478px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/12\/crude2.png\" alt=\"\" \/><\/p>\n<p><strong>RoboForex Analytical Department<\/strong><\/p>\n<p><strong>Article By <a href=\"http:\/\/RoboForex.com\" target=\"_blank\"><span style=\"text-decoration: underline;\">RoboForex.com<\/span><\/a><\/strong><\/p>\n<p><strong>Attention!<\/strong><\/p>\n<p>Forecasts 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<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article By RoboForex.com Analysis for May 12th, 2014 DJIA Index Chart structure is still bullish. Probably, after completing double three pattern inside wave [2], Index formed initial ascending wedge pattern inside wave (1). In the near term, correction inside wave (2) may continue. As we can see at the H1 chart, After rebounding from upper &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/12\/wave-analysis-12-05-2014-djia-index-crude-oil\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wave Analysis 12.05.2014 (DJIA Index, Crude Oil)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-50768","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=50768"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50768\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=50768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=50768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=50768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}