{"id":51026,"date":"2014-05-16T06:43:17","date_gmt":"2014-05-16T10:43:17","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=51026"},"modified":"2014-05-16T06:43:17","modified_gmt":"2014-05-16T10:43:17","slug":"wave-analysis-16-05-2014-djia-index-crude-oil","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/16\/wave-analysis-16-05-2014-djia-index-crude-oil\/","title":{"rendered":"Wave Analysis 16.05.2014 (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 16<sup>th<\/sup>, 2014<\/p>\n<p>DJIA Index<\/h2>\n<p>It looks like Index is forming <em>flat<\/em> pattern inside wave <strong>(2)<\/strong>. Earlier, price completed <em>wedge <\/em>pattern inside the first wave. Right now, I\u2019m staying out of the market, but if later instrument starts forming initial ascending impulse inside wave <strong>5 of (3)<\/strong>, I\u2019ll start buying.<\/p>\n<p><img decoding=\"async\" style=\"width: 549px; height: 489px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/16\/djiaw1.png\" alt=\"\" \/><\/p>\n<p>More detailed wave structure is shown on H1 chart. Probably, right now Index is forming bearish impulse inside wave <strong>C of (2)<\/strong>. During the day, instrument may complete this wave after breaking minimum of wave <strong>A<\/strong>.<\/p>\n<p><img decoding=\"async\" style=\"width: 548px; height: 488px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/16\/djiaw2.png\" alt=\"\" \/><\/p>\n<h2>Crude Oil<\/h2>\n<p>Probably, Oil is starting new descending movement inside wave <strong>[3]<\/strong>. Earlier price completed correction inside the second wave. Stop on my sell order is already in the black. In the future, I\u2019m planning to open several more orders during local corrections.<\/p>\n<p><img decoding=\"async\" style=\"width: 549px; height: 474px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/16\/crude1.png\" alt=\"\" \/><\/p>\n<p>As we can see at the H1 chart, wave <strong>[2]<\/strong> took the form of <em>zigzag <\/em>pattern. On minor wave level, Oil finished ascending impulse inside wave <strong>(C)<\/strong>. Most likely. Price will form initial impulse inside wave <strong>(1)<\/strong> during the next several days.<\/p>\n<p><img decoding=\"async\" style=\"width: 550px; height: 480px;\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/May\/16\/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><br \/>\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<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article By RoboForex.com Analysis for May 16th, 2014 DJIA Index It looks like Index is forming flat pattern inside wave (2). Earlier, price completed wedge pattern inside the first wave. Right now, I\u2019m staying out of the market, but if later instrument starts forming initial ascending impulse inside wave 5 of (3), I\u2019ll start buying. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/16\/wave-analysis-16-05-2014-djia-index-crude-oil\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wave Analysis 16.05.2014 (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-51026","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/51026","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=51026"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/51026\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=51026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=51026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=51026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}